Day Traders, Penny Stocks, Stock Options, Futures and Forex

Yesterday and today, the SPY has hammered on the $99.80 level and never closed a 10 minute candle below. This tells us there is a major level there. As long as the market (SPY) stays above the $99.80 level on a closing basis, $100 and higher is easily attainable. The major resistance on the upside would be $100.40-$100.60. Watch closely as a close below the $99.80 could mean a solid break down further is occuring.