themarketzone

Reached 1st target level - Can it make it to the second?

AMEX:SPY   SPDR S&P 500 ETF
$SPY completed a bullish Gartley last week that already reached 1st target level.
Next level is near 210$ which is the major resistance zone I'll focus on this week.
Everything depends on the open and how the markets will react to the lack of decision from Euro             Zone leaders.
A close above 208$ could lead $SPY to test the 210$ resistance zone
A close below 206$ could mean that $SPY is heading much much lower.

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