SPY Support And Resistance
Warrior Trading | Sep 15, 2017 08:59AM ET
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are lower this morning with renewed geopolitical risks. North Korea launched another missile over Japan and London experienced a terrorist bombing on a subway train. Asian stocks settled the day mostly mixed.
Technicals
The SPY (NYSE:SPY) remained range bound yesterday, encountering support and resistance within Wednesday’s high and low range. Support will lie at the low of yesterday’s range at $249.60, then gap entry at $249.42, followed by gap fill at $249.30, then ascending resistance at $249.70, another gap entry at $248.02, then the 20EMA at $247.17, followed by gap fill at $247.11, then $246.30, $246.23, the 50SMA at $245.98, then $244.95, $244.62, and the 100SMA at $243.59. Resistance will lie at the high of yesterday’s range at $250.32.
Small Cap Watch List
*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.
**Others On Watch**
Oracle Corporation (NYSE:ORCL)
Economic Calendar
0830 Retail Sales, expected +0.1% M/M
0915 Industrial Production, expected +0.1% M/M
1300 Baker-Hughes Rig Count
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
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