trading date: July 27, 2016 –
The SPY is always in compression area and the volume is very light.
Today is the FOMC day. They will not raise rates and the market will like it.
Resistance will lie at yesterday’s high at $217.17, followed by the all time high at $217.30.
Support will lie at yesterday’s low at $215.76, followed by $215.66 and then $214.25.