The Market Is Tired After A Big Week - Resistance At SPY 112 Is Holding!

http://www.1option.com –

Last week, the market staged an impressive rally and it broke through horizontal resistance. The SPY is back above 108 and it is within striking distance of 112. Bears had a chance to defuse the upward momentum last Friday. The Fed raised its discount rate by .25% and the news sparked a negative reaction. The S&P 500 was down 10 points in early trading. Throughout the course of the day, the market was able to regain its footing and it finished on the plus side.

Read the full story...