Market seeing resistance into G20 summit

SPDR S&P 500 ETF TRUST (AMEX:SPY)

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AMEX:SPY SPDR S&P 500 ETF TRUST

trendanalysis beyondta g20 trump resistance_level

The market is turning right where we expected it to. There is very heavy resistance here no matter how you roll the dice. At this point its just a wait and see game. With the G20 summit this weekend, and special 'side lines' meetings between Trump/Putin/Xi, relations talk between Russia / USA / China will be in the forefront for the market. Hopefully good news comes of it and we can continue on with our bull market. But if there is some sort of bad PR or trade news, I could see SPY seeing the lows near 263 again.

Комментарий:

Looks bullish to me! Of course it all depends on what goes down this weekend at G20. Lets just wait for confirmation at the close on Monday, if we're still above resistance then, it'll spank the bull back into action.

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