trading date: September 21, 2016 –
The pattern has been to open higher, drift lower and stall.
September is a weak month and we should expect the 100-day MA breakout.
Resistance will lie at yesterday’s high at $214.59, followed by $215.73 and then at SMA50 at $216.87.
Support will lie at yesterday’s low at $213.38, followed by $213.03 and then at SMA100 at $212.39.
SPY daily chart on 1Option Platform