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SPDR S&P 500 ETF TRUST

$SPY - $283 Level Stuff & Fade Into Weekend

288
SPY - from our analysis on the 18th, we talked about the $283 area being a key area of resistance. Bulls wanted a consolidation under this level to allow stochastics & pullback from bollinger band pinch. Still hanging out in this range going into next week.

Key support levels on watch - $280 (20MA Daily), $276 (200MA Daily).

Before we see a clear direction in either direction, we may see another week of consolidation.
BullsOnWallStreet
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Breadth IndicatorsdailychartMoving AveragesrubberbandS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Support and Resistance

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Breadth IndicatorsdailychartMoving AveragesrubberbandS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Support and Resistance
BullsOnWallStreet
Also on:

Related publications

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.