SPY - Positive PPI 04/13/2023
SPY premarket reacted positively to the new PPI release.
Zones -
Current: 409.24-409.50
Long: 410.77-411.06
Short: 407.42-407.77
LONG: watch for movement to 411 zone, if reject expect 409 retest, if push through 411 zone, watch for test at 412.12 and 413.76
SHORT: watch for test of premarket low 408.03 and test at 407 zone. If reject, watch for 409 zone test and possible reject.
If 407 zone breaks, watch for 406 zone test
Zones -
Current: 409.24-409.50
Long: 410.77-411.06
Short: 407.42-407.77
LONG: watch for movement to 411 zone, if reject expect 409 retest, if push through 411 zone, watch for test at 412.12 and 413.76
SHORT: watch for test of premarket low 408.03 and test at 407 zone. If reject, watch for 409 zone test and possible reject.
If 407 zone breaks, watch for 406 zone test
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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.
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.