trading date: May 4, 2016 –
The market is showing signs of weakness.
The SPY closed below $207 Tues and today it will test the lows from last week. In the pre-market SPY is under $205 level.
Support will remain at yesterday’s low at $205.28, followed by $203.87 and then $203.03.
Resistance will lie at yesterday’s low at $206.80, followed by $207.50 level and then $208.50.