trading date: April 12, 2016 –
The market has opened on the high and closed on the low the last 3 days. That is a sign that it it getting a bit tired. SPY is back below $205.
Support will lie at the low of yesterday’s range at $203.91, followed by $203.09.
Resistance will lie at the critical resistance pivot at $205.25, followed by the high of yesterday’s range at $206.07.