trading date: July 22, 2016 –
The SPY is in a compression zone: one day it opens in gap up doing a new all time high and the day after it goes down.
The market could make a new all time high today but volume was too light than the average.
Resistance will lie at yesterday’s high at $217.22, followed by the all time high at $217.37.
Support will lie at yesterday’s low at $215.75, followed by $215.31 and then $214.35.