SPY Resistance levels

• SPY May do a classic Retest of the 50 day moving average and then start to fall.
• When important moving averages are broken price often retest them before falling deeper.
• Other resistances for spy are the 50% and 61.8% Fib levels in daily chart.
• So bigger up moves will be possible only if price makes a breakout above these levels on closing basis.
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