trading date: April 29, 2016 –
The market tried to rally after a weak open and it held strong for most of the day.
An hour before the close we saw a big downward movement: the SPY tested support at $207.
This can be the first sign of weakness.
Support will lie at $207, followed by $206.84 ans then $205.30.
Resistance will lie at yesterday’s hogh at $209.76, followed by $210.25.