March 21, 2015

SPY Weekend update

  • SPY Moved above the previous daily range. Price is also staying above 20 Day SMA. More up moves can happen only if price moves above 212 levels quickly. Unable to clear 212.24 may lead to another correction.
  • Crucial support for next week is 208 and 204 levels. close below 208 can give 204 levels. Bulls if stays above 20 SMA can break above 212 levels. 

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