Gurudian

SPY 6.16.20 Forecast (Bull Scenario)

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Thursday and Friday were two huge Bear Trading days that took the VWAP and MACD under the trend line.
Monday the market established what seems to be a floor of resistance and throughout the day crossed above the trend line on both the VWAP and MACD.

Used and additional Trident to try to establish a range similar to a Bollinger band to establish oversold and overbought territory.

If 6.16.20 @ Open > $301.64 and stays > $302.72 #Bulls stay in control.
If @ Open #GapUp > $309.14 and stays > $310.26 by Market Close then Bears should cover for the interim.
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