With the yesterday's rate hike, SPY dropped again.
Here are the key levels for you to watch.
Support 1: major falling broken trend line
Support 2: 3720 - 3750 area
Support 3: 3636 - 3676 area
Resistance 1: 3905 - 3918 area
Resistance 2: 4117 - 4145 area
The price is currently approaching a confluence zone based on Support 1 & 2.
I believe that we may see a pullback from that.
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✅Join My Telegram Channel: t.me/VasilyTrading
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.