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Choppy Start For SPY ETF

Published 04/26/2016, 02:44 AM
Updated 07/09/2023, 06:31 AM
SPY
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ABBV
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SCTY
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SPDR S&P 500 (NYSE:SPY)

"You've got to get up every morning with determination if you're going to go to bed with satisfaction." --George Lorimer

A choppy start on low volume as we kick off the week.

Looks like we’re just consolidating to me, but I’m watching very closely in case we do see accelerated selling and I have to get short.

I had to lock in small gains today in SolarCity Corporation (NASDAQ:SCTY) so I’ve just got my AbbVie Inc (NYSE:ABBV) long left.

SPY Chart

Support levels remain 207.50 and 205.

I’m not looking to do much until we get some convincing action either on the upside or downside.

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