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SMP99

SPX500 SPY Fri 9-26

Indice S&P 500 (FX:SPX500)  
SMP99  
FX:SPX500   Indice S&P 500
SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
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spy spx500
9-26: With oversold conditions heading into the day, SPX500 could see some chop for the day between 1966 and 1976. A break of yesterdays lows could get us 1961. Rising SPX500 trend-line appears to come into play in the 1940-1944. Hitting this area could happen tue-thu next week and could be a great short term buying opportunity. An RSI divergence into this area may be the signal to buy similar to the low made on 8/8 on a RSI divergence.

Support: 1966, 1961, 1953
Resistance: 1976, 1987
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