May 25, 2013

SPY Support and Resistance levels

  • SPY 30 Minutes chart shows a range between 163.95 - 165.90. Usually a range after a sharp down move is considered a bearish consolidation. So a breakdown below 163.95 is likely to happen.
  • If price moves above 165.90 the cloud and 100 period SMA Shown here may act as resistance.

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