SPY - Looking at daily close resistance at 204.20

Short

SPDR S&P 500 ETF TRUST (AMEX:SPY)

AMEX:SPY SPDR S&P 500 ETF TRUST

I am watching the 204.20 daily close area as a possible heavy resistance area. This corresponds with bottom of cloud and previous support area which could now act as resistance. If rejected from this area we could drop to 182-185.

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