SPY faces resistance from VWAP from the 2020 low. This was recent support which makes it a candidate for resistance now. Basically, 385-387 could cap gains before a final drop into 350-360 and THEN we get a 'tradable' low. Bottom line, pay attention to that anchored VWAP line. It's considered resistance until we're above the line.
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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.