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S&P Weekly Spread for March 16 - March 20 2020

SPY will see significant bullish action this week.

On Monday the low for the week will form after a significant decline and will present a prime opportunity to buy.

On Tuesday will see sideways price action but will close higher than the day's open.

On Wednesday will be a strong bullish day and new high for the week.

On Thursday SPY will see more bullish action but will open lower than Wednesday's close. It's possible that a new high or same high for the week will form.

On Friday SPY will open lower than Thursday's close but will primarily display bullish movement.

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