$371 looks like a level SPY would be happy at while congress debates the new stimulus check, already pulled back twice on the same catalyst, then it can run to $400 once approved. $371 has Fib support, about 8 daily candles have polarized there, and the 50day ema would be nearing that point over the next month.
Correlation between moneyflow and RSI.
When RSI is nearing overbought 66 and moneyflow is increasing in the short term, but decreasing in the long term, There's a pullback probability of 85% within 5 days. Represented by the green flags and the upper Bollinger band being tested and correcting.
This suggests a pullback in July 2020
$SPY
This was the day America took the lead in total COVID cases. This is the day that America was the least American considering today's record-breaking unemployment numbers. Yet, on the stock market, the day was overbought. More overbought throughout the beginning of COVID
Be well, see you soon!
