Daily Report
SPY is trading in a sideways channel with wild swings. Support at 427 and resistance at 442. A break in either direction will set the trend for the market. A break above 442 can easily take SPY to 451 resistance level and a break below 427 will take it to 421 level. If the 421 level is taken out then most likely SPY is headed for a 20% correction.
SPY is trading in a sideways channel with wild swings. Support at 427 and resistance at 442. A break in either direction will set the trend for the market. A break above 442 can easily take SPY to 451 resistance level and a break below 427 will take it to 421 level. If the 421 level is taken out then most likely SPY is headed for a 20% correction.