SPY ETF Holding 274, Going To 280

If the S&P 500 ETF SPY (NYSEARCA:SPY) holds above 274 we think it's headed to 280, the next level of key support/resistance.

So far we called that the market should go higher each step holding above 265, 270, and now 274. After 274 we don't see a key level until 280.

I would guess the market can get excited for the potential of a month end trade deal. That can help us get to 280 first stop and then we'll assess from there.

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