themarketzone
Long

Two buy zones to monitor before Yellen's testimony

AMEX:SPY   SPDR S&P 500
$SPY closed back near important support zone last week.
The PRZ of the blue Bat pattern .
The fact that the price couldn't stay above the Fast SMA line is a bearish signal for $SPY.
If 186-188$ won't hold as support, we might see January's lows being tested and the completion of a smaller Bat pattern near 182$
186-188- First Buy Zone to monitor - Will be relevant if the market will open in green.
182 - Bullish Bat pattern near January's lows

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Comment: Yellow Bat pattern triggered last week's late rally. 188$ will be tested this week
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