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educational ema mtrades pricevolumetrend supportandresistance trendanalysis Less Tags Show All Tags
SPY Key Support Zone and Trendline Analysis
SPY
, 60
Long
SPY: SPY Key Support Zone and Trendline Analysis

The chart represents SPY (S&P 500 ETF) price action on the 1-hour timeframe, highlighting critical support and trendline levels: Descending Trendline: A downward sloping trendline (blue) illustrates the persistent bearish momentum. Price tested and respected this trendline multiple times, confirming it as a resistance level. Key Support Zone: A rectangular...

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