$SPY - $283 Level Stuff & Fade Into Weekend
SPY - from our analysis on the 18th, we talked about the $283 area being a key area of resistance. Bulls wanted a consolidation under this level to allow stochastics & pullback from bollinger band pinch. Still hanging out in this range going into next week.Key support levels on watch - $280 (20MA Daily), $276 (200MA Daily).
Before we see a clear direction in either direction, we may see another week of consolidation.
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