SPY going to $371 while waiting for stimulus

٢٢ يناير ٢٠٢١

$371 looks like a level SPY would be happy at while congress debates the new stimulus check, already pulled back twice on the same catalyst, then it can run to $400 once approved. $371 has Fib support, about 8 daily candles have polarized there, and the 50day ema would be nearing that point over the next month.