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SPDR S&P 500 ETF TRUST
Short

$SPY - a crucial couple of weeks ahead 📉

141
SPY faced a major rejection at around $401.50, suggesting it will struggle to break through again. If bulls do push past, I see significant resistance at $404-$407.50. However, it's unlikely we'll reach there soon. I expect the rally to lose momentum and break through to $380s.

I recognize potential [temporary] upside but expect more downside to come.

Side Note- I'll be watching AAPL NVDA META for potential sell-offs.
gigavest
Also on:
DXYFundamental AnalysisHarmonic PatternsoptionstradingshortsetupSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index

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.
DXYFundamental AnalysisHarmonic PatternsoptionstradingshortsetupSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index
gigavest
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.