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SPDR S&P 500 ETF TRUST
Long
Updated

SPY Hourly Insight 01/08

127
Today SPY did manage to fall below that 586 level that I mentioned yesterday, and filled that gap below. Buyers quickly stepped in and defended that level again. I'm bullish only if we continue to defend that range. Today was definitely a scalpers paradise, on the hour we ranged and chopped all day. Tomorrow markets are closed in remembrance of President Jimmy Carter. We are double inside on the hour for all my straters out there, which could give us a push to those higher levels if we break out of that consolidation. These are the levels for Friday that I will be watching.
Trade closed: target reached
Downside target met on SPY at 580. Jobs market gave a great flush.
IgniteWealthBuilders
dailycharthourlychartQQQSPDR S&P 500 ETF (SPY) Support and ResistancetradingideasTrend Analysis

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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.
dailycharthourlychartQQQSPDR S&P 500 ETF (SPY) Support and ResistancetradingideasTrend Analysis
IgniteWealthBuilders

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.