4/20/2016

SPY poked above, then closed bang on AprR1 210.10; SPX high 2111 and AprR1 about 2109, close 2102; ES high 2105 with AprPR1 2106. Yup, right in the resistance zone. Two small blue bars with RSIs up there at top of daily chart Bollinger bands; stage set for some drop here.

That said in time I do think the market will want to visit larger pivot levels ie Q2R1, 1HR1 and YR1 which would mean new highs for SPY.