trading date: September 30, 2016 –
The market drifted lower in yesterday’s session. The 50-day MA is providing resistance: the SPY is in a limited range formed by SMA50 and SMA100 which work as resistance and support.
Resistance will lie at yesterday’s high at $216.87, followed by $217.53 and then $218.94.
Support will lie at yesterday’s low at $214.04, followed by $213.44 and then at SMA100 at $213.07.