SPDR S&P 500 ETF TRUST

SPY (S&P500 ETF) - Trend, Support, Resistance - 11/2021

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SPY index ETF price has been in an uptrend & ascending channel throughout 2021.

Price is currently testing the upper resistance trendline (~$470).


Bearish Scenario: Price falls down below $466 to $460.

Bullish Scenario: Price breaks up above $470 to $480.


Support(s): $466, $464, $460, $455, $452, $448, $446.

Resistance(s): $470, $472, $476, $481, $485, $488, $494.


Note: Q3 2021 Earnings Season will end after mid-November.

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