timwest

SPDR S&P500 ETF - OPTION EXPIRATION GRAPH - BEARISH <184,

AMEX:SPY   SPDR S&P 500 ETF TRUST
8
The chart is BEARISH especially as we go below 184 key support that has been tested twice.

Note that the bounce today tested the expiration level from last Friday.

The orange lines are the rallies off of the test of support, so you can see that the last two rallies are very weak relative to those.

WATCH OUT BELOW 184. It could get very ugly, very quick if below 184.

Tim

2:46PM EST, Friday, March 28, 2014

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