SPDR S&P 500 ETF Analysis
The price has retreated from the top of the trading range which coincides with the 50-day moving average and sees the ETF give up just over 0.80% so far in the session. The price has also attempted to close the "gap" left from 28 August at $289.07. The short term moving averages are neutral and while we have overhead resistance, the price continues to make higher lows as it has done since 07-Aug.
Short term range: Support:285.14 / Resistance: 293.90
Short term range: Support:285.14 / Resistance: 293.90
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