SPY – SPY closed the week at 518.43 down from the week open of 523.83. Making the week of April 1st a Downside Week perfectly in line with our Peak in Trend Model marking the shift in trend to test support.
On the Daily Level we see that the 3rd was an Upside Day Opening at 517.72 and closing at 519.41 for SPY leading to an overnight Rally with the Market opening on the 4th at 523.52 yet closing on 513.07 showing a sharp decline.
We will provide updated charts and forecast before Market Open Monday the 8th.
DIA – DIA opened the week of April 1st at 397.82 and closed the week at 388.86 Showing the Dow Jones Industrial Average had a Downside week lining up with our trend models moving into the week of April 8th.
We will provide updated charts and forecast before Market Open Monday the 8th.
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