zxander44

SPY Gap down into 2 support lines

AMEX:SPY   SPDR S&P 500 ETF TRUST

This is a test idea, but the SPY 500 (500 largest copanies in the US, a good indicator of the overall market) just gapped down today from fears of the debt ceiling not being extended and the US running out of money. Will it continue to go down possibly but as you can see by the chart it hit resistance and we should expect a bounce
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