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Next Key Level On The SPY

|Includes: SPDR S&P 500 Trust ETF (SPY)

The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading nicely higher today. The current price is $157.10, +1.05 (0.67%). Many are wondering where the next resistance point will be as the market marches higher. The key level is the all time high on the SPY at $157.52. This happened on October 11th, 2007. Look for a solid scalp off this level and even a decent swing trade short opportunity.

Gareth Soloway