SPX500 SPY Fri 9-26

9-26: With oversold conditions heading into the day, SPX500 could see some chop for the day between 1966 and 1976. A break of yesterdays lows could get us 1961. Rising SPX500 trend-line appears to come into play in the 1940-1944. Hitting this area could happen tue-thu next week and could be a great short term buying opportunity. An RSI divergence into this area may be the signal to buy similar to the low made on 8/8 on a RSI divergence.

Support: 1966, 1961, 1953
Resistance: 1976, 1987