SPY reaching strong area of resistance.

٢٩ مايو ٢٠١٦

The S&P is reaching a strong area of resistance. If you are long I would follow closely and keep a tight stop. I would not add to your long positions or go short just yet. I would wait for the 5&13 ema to cross or the slowstoch to go below 80 before selling and/or going short. I would put my stop just above the previous high.