trading date: November 03, 2016 –
The Fed told everyone what they expected to hear – assuming everything continues along as it has been going along they raise rates in December.
If we do test the 200-day MA, that will be a good buying opportunity after the election.
Resistance will lie at yesteray’s high at $211.10, followed by $212.99 and then $213.93.
Support will lie at yesterday’s low at $209.23, followed by SMA200 at $208.09.
SPY daily chart on 1Option Platform