Hold the 293 Support

If we're able to hold the $293 support and bounce off SPY should move to at least around $295.50 with the possibility of $298 this week. If we fall through the $293 support next move down would be around $289. Pre-market we're down slightly hovering around the $293 support. The MACD is looking ready for a bit of a move down with RSI also ready for a slight momentum break before it continues up into overbought territory so a neutral trading range of $292-$294 would allow for MACD and RSI to both set up for another SPY move up to $298. Watch to see how prices react after Monday open and whether we hold and bounce up from $293.