trading date: April 04, 2017 –
A week ago the market sold off on worries that Trump would not be able to execute his game plan.
Investors are concerned and the S&P 500 dropped 20 points last Monday. Stocks gradually recovered last week and the SPY rallied back above support at $235. We will lean on that level and use it as our guide.
Resistance will lie at yesterday’s high at $236.03, followed by $236.51.
Support will lie at yesterday’s low at $233.91, followed by $233.14 and then $232.96.