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KhanPhelan

Khans SPY-Update for KW04 - 28.01

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
KhanPhelan  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Beyond Technical Analysis Volatility Support and Resistance S&P 500 (SPX500) SPDR S&P 500 ETF (SPY)
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beyondta volatility supportandresistance spx500 spy
Nearly a week in consolidation with several tests and re-tests of key support & resistance areas.
But, Bears showed more power and force, so i tend to bearish overall

Small Bulltrap/Gap from After Hours opened below the Key-Resistance. Will likely be filled at market open with re-test if 432/33
A failure of finding small support around 427/8 will likely result in a fast flush towards 420
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