S&P 500 - SPYs Up Against Important Resistance Plateau

Less than 2 hours prior to the FOMC announcement, here is the BIG picture of the SPY's, which shows the June-Aug rally peaks at 129.43 -- a very important resistance plateau which if hurdled and sustained will argue for upside continuation towards a test of the May high at 132.80.

For more of Mike Paulenoff, sign up for a Free August Trial to his ETF Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!