SPY Should Break 104.4 Today

SPY Should Break 104.4 Today

SPY broke the uptrend (B), began a new downtrend (D). Trendline D was broken at end of day so SPY should start a new uptrend. Once again SPY put in a higher low. The 102 level provides support. SPY faces resistance at 103.1 and from trendline A or C. I fully expect SPY to break through 103.1 and possibly 104.4 today.

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