The SPY and the tech sector (XLK)

A look at the significant support and resistance levels on the SPY and consider whether we will see buying coming in as we approach month-end replicating 1st quarter price action on the monthly charts. In addition, I also explain the impact the technology sector has on the index in a week when key players such as Apple are reporting.

By Anna Coulling

All the indicators featured are my own and available from http://www.quantumtrading.com Charts coutesy

 

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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