SPY going in for the retest!
Welcome traders! Today we're seeing the SPY go in for a retest of the upper part of the descending triangle once more. The key level to watch today is between 266.23 - 264.83, depending on how the chart reacts to this area it can give us an idea of what to expect for tomorrow and the upcoming week. Seeing a break through and maybe a bounce could signify some movement up and through the upper trend line. Right now the MACD has made a bullish crossover in the one hour chart but I'd take that with a grain of salt for now being the level of resistance we have up top. That's it for today's report, as always short and straight to the point, good luck & safe trading!
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