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SPDR S&P 500 ETF TRUST
Long

The S&P 500 (SPY): Poor Defense for Key Support Levels

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This is a follow-up post after SPY poorly defended the two key support levels discussed in my last post. There was little fight from S&P bulls and bearish sentiment after the Sept FOMC meeting that reinforced the higher for longer narrative. For now I'm waiting until the end of the week for the Q3 candle close at the end of September. I have the red trendline as a key price target with a price level around $437-438.
realchartchamp
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Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) spy500Trend Analysis

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Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) spy500Trend Analysis
realchartchamp
Also on:

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.