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SPY SPDR S&P 500 Trust Technical Analysis

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Mauriello  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) spdr S&P 500 (SPX500)
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trendanalysis chartpattern spy spdr spx500
Based on Technical Analysis, the idea is to hold for now before going long following the major trend.
If the resistance level of 360 will be broken it might be the right signal to go long.
If the resistance level will not be broken just Hold.
The idea to go short is too risky and to early to invest in the opposite direction of the major trend.
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