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nataliegarces

$SPY in a trying area

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
nataliegarces  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance Moving Averages SPDR S&P 500 ETF (SPY) spy500
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supportandresistance movingaverage spy spy500
The $SPY is in a very trying area.

The last 6-7 times we moved at/below the 50 moving average, we were able to bounce back up to new highs.

Bulls needs to reclaim the $419 area. If we can't bounce from this level, would not be surprised if we see $412 and $405-406.
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