trading date: October 06, 2016 –
Yesterday the SPY traded in a tight and limitated range with low volume.
The market is always in a compression area.
Resistance will lie at yesterday’s high at $216.13, followed by SMA50 at $216.72 and then $217.53.
Support will lie at yesterday’s low at $215.33, followed by $213.99 and then at SMA100 at $213.41.