trading date: March 24, 2017 –
The market has priced in corporate tax reform and the longer the healthcare plan takes the more impatient investors will grow. Trump’s honeymoon is over and the election rally could be living on borrowed time. It’s very possible that those gains will be erased and that the SPY will drift down to $230.
Resistance will lie at yesterday’s high at $235.34, followed by $237.36.
Support will lie at yesterday’s low at $233.60, followed by $233.05.