trading date: May 23, 2016 –
Last week, the SPY was very undecided on which way to go.
$204 level is the best support: if it breaks this, there could be a heavy bearish movement.
Support will lie at friday’s low at $204.86, followed by $204 level.
Resistance will lie at friday’s high at $206.10, followed by $206.80 and then $207.49.