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$SPY : Next resistance 293

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) esfutures
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trendanalysis chartpattern spy esfutures
$SPY had a very narrow range yesterday. US reported 20.5 million jobs lost last month. But $ES futures remain unfazed, up about 1.15% as of now.

SPY broke through 286.5 yesterday, but mostly on overnight gap. During day trading SPY closed at the same level as it opened. Of the last 8 trading days yesterday was the 6th day on which $SPY did not close above the open.

Next resistance is 293.

Close below 284 is bearish.
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