SPDR S&P 500 ETF TRUST
Long

SPY close analysis 5/18/2023

58
SPY now has a clean breakout to the upside. At this point I would expect any pullbacks to 416 to be met by buying demand. Often you'll see critical levels retested, so 416 would make an excellent long entry. Watching for scalp entries on the lower timeframes but I expect continuation into the mid 420 zone from here.

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