Stocks Tread Water Amid Healthcare Anxiety (SPY, DIA)

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Stocks Tread Water Amid Healthcare Anxiety (SPY, DIA)
After breaking down from its trend line support at around $136.00, the index rebounded from its S1 support
and failed to break back through the trend line resistance.
Traders should watch for a rebound to re-test its trend line and R1 resistance at $215.08 or a move lower to S1 support at around $200.46.
Next week, traders will be watching several key economic indicators including consumer confidence data on
March 28, pending home sales on March 29, GDP data on March 30, and consumer sentiment data on March 31.
Looking at technical indicators, the RSI is neutral at 46.35, while the MACD remains in a bearish downtrend that dates back to early March.
Traders should watch for a breakdown from these levels toward S1 support at $228.76
or a move higher to re-test its trend line and R1 resistance at $239.21.
Looking at technical indicators, the RSI appears neutral at 42.74 while the MACD remains in a bearish downtrend that dates back to late-February.
Looking at technical indicators, the RSI appears neutral at 44.29, but the MACD remains in a bearish downtrend since early March.

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