SPY $210.77: Monday’s Bearish reversal candle cautions near term

SPY             reached a new year-to-date high at 212.48 on Monday (April 27, 2015) before pulling back sharply to form a bearish reversal candle pattern. That reinforces the tough resistance zone near 212.24 (February 25, 2015 high), cautioning for further weakness near term to test the 208.90 support (April 22, 2015 low) and possibly 207.01 (April 17, 2015 higher low) which should hold dips. Back above 212.48 is needed to overcome the resistance area to open the 212.97 spike high (December 18, 2014 record high).
Short term: neutral
Long term: bullish while above the 200 day moving average (currently at 202.45)

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out