SPY reaching strong area of resistance.
The S&P is reaching a strong area of resistance. If you are long I would follow closely and keep a tight stop. I would not add to your long positions or go short just yet. I would wait for the 5&13 ema to cross or the slowstoch to go below 80 before selling and/or going short. I would put my stop just above the previous high.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.