Zack_The_Lego

SPY, S & P major zone to watch.

AMEX:SPY   SPDR S&P 500 ETF TRUST
Our first major hurdle would be a close above the yellow line on the daily, and then the weekly. As you can see the 150 and 200 weekly exponential moving averages are converging right at key resistance; the zone halfway in between the close and open of the large orange candle there. Fibonacci followers could consider that a 50% retrace zone. The week of 9-14-15 failed at that zone.

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