S&P 500 SPY ETF [Into The Close] - 01 Dec
Chart: 1H
How I'm Seeing It: The index traded above yesterday's early-session support however failed to hold as it hit the downward trend line and followed that up with another gap fill at $457.58. The market's making an attempt to take off the lows of the session but this bounce looks weak. As I said earlier this afternoon, that $462-$464 level could be a tough level to get through. So far this session, it's been the case. Next support $455-456 but how long until it gives way?
How I'm Seeing It: The index traded above yesterday's early-session support however failed to hold as it hit the downward trend line and followed that up with another gap fill at $457.58. The market's making an attempt to take off the lows of the session but this bounce looks weak. As I said earlier this afternoon, that $462-$464 level could be a tough level to get through. So far this session, it's been the case. Next support $455-456 but how long until it gives way?
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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.