SPY closed last week at a very interesting place, SPY was able to make a higher low which is always a great place to add your support trend line. At the moment according to the candles formed we are looking bullish into thanksgiving, according to trend lines we could be preparing to break lower to make a double bottom at the lows of October which is a very strong area of support as that area is near by February lows. Either way do your own due diligence and trust your gut. This is my first published idea and I hope it is the first of many. I entered long on Friday SPY calls but will be quick to enter puts if support trend line is broken. Strong resistance at $274.40, 275.27, and 276. Support at $273.20, 272.70, and 268.50.
