Is the SPY Party over?
Simple enough to me - 470.89 to get the party to continue and a close below 465 marks the end of it. Earnings season has disappointed [as it would inevitably after such a long period of good performance] so for the bears to take.
Note
Hmm, more pronounced than I expected. Next wrung down down to 453.70 - fighting over 459/60 at the momentNote
Seems 450 is a firm line of resistance with 460 the top blocker. Chop zone perhaps?
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.