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jrolfsen

Bearish Break-down through Major levels and Moving averages

SPDR S&P 500 ETF TRUST (BATS:SPY)  
jrolfsen  
BATS:SPY   SPDR S&P 500 ETF TRUST
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The 200ma/ema for the minute chart has provided key support throughout this rally, but price movements broke down harshly through them along with S/R levels (168.15/16 level especially)

Previous support levels along with MAs have now shifted to resistance. This looks like the turn the bears have been looking for.
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