TODAY SPY HELD BETTER THAN NASDAQ.
Spy is on an uptrend with ascending triangle but can be a possibility of rejection on resistance (398). If SPY gets rejection on resistance, spy sees 380 level again as main support for now.
Two scenarios for tomorrow's game plan:
1st- If rejection on resistance and uptrend breaks, the spy will mostly fall back to the 380 area support level. Puts June 3 strike 390
2nd- If spy Breakthru resistance, then the possibility of 409. Call June 3 strike 405
Spy is on an uptrend with ascending triangle but can be a possibility of rejection on resistance (398). If SPY gets rejection on resistance, spy sees 380 level again as main support for now.
Two scenarios for tomorrow's game plan:
1st- If rejection on resistance and uptrend breaks, the spy will mostly fall back to the 380 area support level. Puts June 3 strike 390
2nd- If spy Breakthru resistance, then the possibility of 409. Call June 3 strike 405
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