Good rebound after a big drop. Heavy resistance @ 180.00 If announcement can break 180.00, should LONG. otherwise, rebound ended.
Range between 48 (MA 10 weeky) to 38 (MA 40 weeky). Wait until breakout either 48 or 38.
Even after the strong (but disappointed) rebound on 17/3/2020, SPY (or S&P500) are still far away on Weeky SMA40. No suggest any strategies related to "rebound" . Cash is King.