trading date: October 24, 2016 –
The SPY closed the last week below SMA100. Seasonal weakness is over and mega cap tech stocks will post earnings.
The market is waiting for a news: Nov FOMC and the election are the next 2 big events.
Resistance will lie at friday’s high at $214.08, followed by $214.53 and then $214.69.
Support will lie at friday’s low at $212.76, followed by $212.17 and then $211.21.
SPY daily chart on 1Option Platform