Today pivot points in play for SPY are 453.73 ,444.69 and to an extent 459.77 as absolute resistance . SPY is handling the 444.69 level since past 4 days
one complex trendline is also coming into play as support . Daily MA 200D and 20D are acting as support .SPY gapped up nicely at 453.73. next stop is 459.77 . if on any negative note , it will turn offers down...
SPY absolute resistance at 473.25 big one
SPY immediate resistance at 458.51
Looks like a Channel starting with 458.51 level as resistance and support at 431.66 and 418.34 for some good period of time
there should be some really good news to break the levels. pardon me if im wrong .
Disclaimer : this is just my analysis formy educational purposes.. not any buy...
