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SPDR S&P 500 ETF TRUST

$SPY : Next resistance 293

163
SPY had a very narrow range yesterday. US reported 20.5 million jobs lost last month. But ES futures remain unfazed, up about 1.15% as of now.

SPY broke through 286.5 yesterday, but mostly on overnight gap. During day trading SPY closed at the same level as it opened. Of the last 8 trading days yesterday was the 6th day on which SPY did not close above the open.

Next resistance is 293.

Close below 284 is bearish.
insyyte
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Chart PatternsesfuturesSPDR S&P 500 ETF (SPY) Trend Analysis

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Chart PatternsesfuturesSPDR S&P 500 ETF (SPY) Trend Analysis
insyyte
Also on:

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.