$280-$282 Resistance Line

Based on the early morning futures today may be more of what we have seen the past two days, bulls trying to get through the SPY $280-$282 resistance line and the bears trying to knock us down, the 64K question is who will win?  With Thursday's close, the weekly chart is trying to print a Bullish Harami; today has yet to print. (Harami’s require confirmation). The overall outlook remains bullish based on a trend line from the January 3, low to the March 8, low. We have seen both long and short trades work this past week with base hits profits taken. The short term outlook remains choppy and boring at times, the perfect market for taking your money. Slow down, trade less; trading is a marathon, not a sprint race. We offer a great education in all three of our trading rooms, Swing trading, Swing trading options, and our day trading room. Affordable trials are available.

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