june expiration

June expiration and divi day for SPY. It seems that expiration will pin at 1960, SPY 195.

I have re-drawn the most recent short-term T structure, and this would support the case for a grind higher to say 1970.

Ultimately it does seem like that the R1, R2 resistance lines will fail, and this would open up the possibility of significant more upside.

Note that the last 2 days have prevented the oscillator sell signal, keep an eye on that.

Chart of S&P500 for 20 June 2014

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