The market's reaction to Friday's jobs report created another Doji near the top of the trading range in SPY. The sentiment remains bullish as SPY was able to erase most of the losses it opened with following the grim jobs report. 210-212$ is the immediate resistance zone but don't count out the option for a spike to take stop losses above previous record high Tomer Jakov, The MarketZone This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews for the week- goo.gl/tNaV9s To subscribe to the newsletters - goo.gl/JfOLoR
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SPY was rejected by the top of the trading channel. Still can re-test previous highs as FOMC in focus now Setup still relevant. goo.gl/28uI95
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