Not going to get excited until SPY breaks 357.50
Updated
As I pointed out in my ES chart last night price has rejected a few time off the 357.50 area.
Price is fighting the 382 resistance there. SPY has rallied a bit off the lows this morning but is stalling
at the overnight gap. If it sells off I will be watching 353.20 and then the green zone below for a potential reversal
area. There is the pivot low, trendline support and the daily 9ema is in that area.
A break of 357.50 to the upside would be very bullish.
Price is fighting the 382 resistance there. SPY has rallied a bit off the lows this morning but is stalling
at the overnight gap. If it sells off I will be watching 353.20 and then the green zone below for a potential reversal
area. There is the pivot low, trendline support and the daily 9ema is in that area.
A break of 357.50 to the upside would be very bullish.
Comment
Nothing to do until this box gets broken.
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