shkspr

SPY | Informative | Key-levels

AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY

Here is my SPY chart, ingredients are:
1- Fibo Price channel,
2- Support/resistance levels based on Monthly, weekly, daily price actions.

as you see, today candled at the edge of the price channel and Fibo level and a major key-level. bounce up or drop from this level will define the direction of the trend for a long time. based on market condition and money-flow I expect we touch 440$ area in following weeks and then we bounce up to hit 500$.

* This is my idea and could be wrong 100%

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