The price broke below the major 204-206$ and closed below the 50 weeks MA again.
The nearest is 198-200$:
1. Structure zone
2. Uptrend line ( 2)
3. Psychological zone
Assuming that the markets will have reaction to Friday's terror attack, $SPY may hit this zone already on Monday's open.
The important signal is the breakdown of 204-206$. If $SPY will recover from Monday's open, 204-206$ will become the level to try and sell $SPY again.
Tomer, The MarketZone
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