Daily Report
SPY sitting right at support. If the support holds we could potentially go fill the gap above at 465 in the next couple of day. If the support is broken SPY would go down to 440 support level and then 425 support level. The catalyst for SPY is the FOMC tomorrow. SPY will most likely find a direction after the FOMC minutes. The trend is still bullish until the support is taken out.
SPY sitting right at support. If the support holds we could potentially go fill the gap above at 465 in the next couple of day. If the support is broken SPY would go down to 440 support level and then 425 support level. The catalyst for SPY is the FOMC tomorrow. SPY will most likely find a direction after the FOMC minutes. The trend is still bullish until the support is taken out.