05-05-2014, 09:55 PM
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The SPDR S&P 500 (ARCA:SPY) ETF rose 1.07% higher, as of Thursday’s closing price. After moving above its pivot point at 186.44, the index trades between its R1 resistance at 191.57 and S1 support at 183.18. Traders should watch for a move above R1 resistance to R2 resistance at 194.83 or a move below S1 support to S2 support at 178.05. Looking at technical indicators, RSI appears slightly overbought at 57.71, while MACD remains bullish after a crossover on April 21st. |


