SPY is currently trading at 381.45 -2.31 (-0.60%). However, Futures are red after a strong jobs report just hit this morning. Reason being is this now keeps the door open for the Fed to be more aggressive. From a purely technical side of things, today is pretty much the same as the last week or so. Top channel around $386 to $387 for potential resistance with bottom channel around $377 area. Until that trend breaks, those will be the key areas on the chart that traders will be watching.
From a technical perspective, traders will be watching $386 to $387 for topside resistance and $377 for continued support.
