Trade Alert: SPY

Originally posted on Hedge Fund Live on Sunday, June 12, by Justin - Over the course of the past 5 trading days the SPY's have been trading between the 61.8 and 78.6 fib retracements. On Friday, the SPY's closed below the 78.6 and closed .34 of the lows. The market has been in a bearish trend since May 2,which were also the 52 week highs. The levels of support are 125.63 and 118.49. These levels should be watched if you are looking to get long the market. You can also play a short at these levels. If 125.63 becomes broken look at taking a.... Continue reading here.