SPDR S&P 500 ETF TRUST

$SPY - $283 Level Stuff & Fade Into Weekend

327
SPY - from our analysis on the 18th, we talked about the $283 area being a key area of resistance. Bulls wanted a consolidation under this level to allow stochastics & pullback from bollinger band pinch. Still hanging out in this range going into next week.

Key support levels on watch - $280 (20MA Daily), $276 (200MA Daily).

Before we see a clear direction in either direction, we may see another week of consolidation.

Aviso legal

As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.