novvoll12

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

AMEX:SPY   SPDR S&P 500
spy
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).
Outlook:
Short term: neutral
Long term: bullish while above the 200 day moving average (currently at 202.45)

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out