SPY (short-term)

3 ביוני 2013

We have another bearish flag that was followed by strong bearish volume. Resistance approximately 163.65 to 164. The next support I see it is around 162.76. Also there is lots of volatility at the moment in the market, so be careful. We continue to be in a bearish short-term trend, because we are making lower highs and lower lows.