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USA Stocks Market Outlook

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.

 

spySPY daily chart on 1Option Platform

F-lab on StockTwits

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