SPY (S&P500 ETF) has been in an uptrend since 2023 and is approaching its all-time-high price resistance again.
$523.07 is the current all-time-high price resistance.
$497.83 is the current support level price, and also the 0.236 fibonacci level.
Bullish Scenario: If SPY price breaks out above $523.07, the next resistance price targets could be: $537, $550, $563, $575.
Bearish Scenario: If SPY price reversse back down, a potential lower-low in the price could be set over time. Support price levels could be: $508, $497, $489, $476, $466.
Note: corporate earnings, FOMC interest rate changes, government legislation, breaking news, and global events could override technical chart patterns.
Date created: 05/10/2024
$523.07 is the current all-time-high price resistance.
$497.83 is the current support level price, and also the 0.236 fibonacci level.
Bullish Scenario: If SPY price breaks out above $523.07, the next resistance price targets could be: $537, $550, $563, $575.
Bearish Scenario: If SPY price reversse back down, a potential lower-low in the price could be set over time. Support price levels could be: $508, $497, $489, $476, $466.
Note: corporate earnings, FOMC interest rate changes, government legislation, breaking news, and global events could override technical chart patterns.
Date created: 05/10/2024
注释
SPY Bullish Breakout on 05/15/2024
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Follow Me on TradingView and Youtube.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。