SPY Trade Levels 5/7/15

At 7:30am EST the market is trading near yesterdays low and off a pre-market low of 206.31.

We've moved well below the lower blue trend-line and we have several tight targets, including the 50D SMA, should the market attempt to move higher.

Below yesterdays low we will target 205.21. We will remain cautious of an aggressive move toward the 200D SMA.


50D SMA Green
200D SMA Red