Simple Trading SPY As of 5 June 2015 Close

SPY W As of 5 June 2015 Close

Current Trend (W): Up

Abv/Below Value Zone: Above

Next Scheduled Report Date: N/A

52 Week High: $213.78

52 Week Low: $181.92

Current Relevant Resistance: $213.78

Current Relevant Support: $204.12

Recent Close: $209.77

Comment: A lot of talk about breaking the week ended 29 May 2015 low at $210.20 last week.

“Is this the beginning of the end of the great bull run?”

“Should I get short here?”

I’ve said it before… I’m saying it again… relax.  The uptrend doesn’t begin to be at risk until price can get down through support in the $204.00 area.  Before that?  Long setups on lower timeframes are to be taken.

Hope it helps.

KIS,

The Trader

 

 

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In
   
New User Registration
*Required field