Take Profits On SPY - Here Is Your Target - Resistance Will Start To Build In 2 Weeks

One Option Trading Blog https://ift.tt/3cnavqD Posted 9:30 AM ET - Yesterday the S&P 500 gave back the gains from Tuesday and this is a reminder that the recovery process will be gradual. We can expect selling when the market gets ahead of itself. Buyers anticipated a deceleration in the spread of the Coronavirus and that explains the rally the last few weeks. Conditions are improving and many countries are preparing to go back to work. Economic activity has come to a screeching halt and now it’s time to roll up our sleeves and get back to work. The S&P 500 still has some upside, but resistance …