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USA Stocks Market Outlook

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.

 

SPYSPY daily chart on 1Option Platform

F-lab on StockTwits 

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