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
Nota
SPY Bullish Breakout on 05/15/2024
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Follow Me on TradingView, Youtube, X, Instagram.
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.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.