SPY levels - Time to be patient
Updated
Let's quickly review some levels in SPY.
I can see potential support at 525 as a base flip level.
523 also looks like support - here are 21 EMA + the flag bottom + gap fill.
The obvious resistance here is 532-533.
One key thing I want to mention: the market is now ranging, and it's important to be patient and give it some time to form clearer price action and confirm the next momentum.
I can see potential support at 525 as a base flip level.
523 also looks like support - here are 21 EMA + the flag bottom + gap fill.
The obvious resistance here is 532-533.
One key thing I want to mention: the market is now ranging, and it's important to be patient and give it some time to form clearer price action and confirm the next momentum.
Note
Now trying that full gap fill level + 21EMA also here. Let's see if this support is valid.
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