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SPDR S&P 500 ETF TRUST
Short

Closed Just Above the Pivot Point

By D1Finance
Updated
1-month out futures suggests a trip to the weekly S3 level on the SPY of $386.05. Potential weakness in Tech as their clients opt for cost cutting measures? Outlook on Microsoft earnings suggests their clients are trying to do more with less.
Comment
Options market projects that by February 24, the SPY is projected to make a 4.14% move. That could be to the upside or the downside, but from today it shows that would put the SPY at exactly $383.84.
Chart PatternsPivot PointsshortsetupshortsignalsignalsspyshortStocksSupport and ResistanceTechnical Analysis
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