WadeYendall

SPY threatens ATH

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
WadeYendall Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
After selling off over night the SPY/ES has recovered thanks in part to a better than expect payroll report.
If price can holds above the .886 at approx 350 ATH are attainable. The first pivot is yesterdays high at 352.17 then 354.02.
ATHs are 358.74 about 2% away.
Comment:
Need to hold this line.
snapshot
Comment:
Holding 350 for now which is positive, but it looks like it may be pinned here for the day which happens quite often on a Friday as options expire and MM collect their premium.

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