trading date: May 2, 2016 –
On friday session we saw weakness and the market traded below support at $207 and it closed below it. The selling pressure was fairly heavy and the low was $205.
SPY support will lie at last critical support pivot at $205.25, followed by friday’s low at $205.03 and then $203.87.
SPY resistance will lie at friday’s high at $207.10, followed by $208.60.