Next Test Up Ahead

The SPY has moved upward, as expected, after the successful bounce off support on Monday.

Next up is some resistance from the descending SPY tops trend line ( 3 points on that line, see chart below) at around a price of $210.

I plan to take some profits at that level, and leave some on the table for a run higher.

No need to get really worried about a correction until we break below SPY $202.

SPY Resistance

 

Leave a Reply