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$SPY : Rejected at resistance at first test

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) GDP fed esfutures
4
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trendanalysis chartpattern spy gdp fed esfutures
$SPY opened higher than resistant but reversed and closed lower. No damage done to the intermediate term trend which remains positive and above 20 EMA.

$ES Futures are pointing to a green open about 0.8% higher. GDP number and FED minutes today can influence and whipsaw the markets today.
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