Vibranium_Capital

SPY targets getting hit, what now?🎯

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
boost and follow for more.. thanks 💛

October 9th SPY was at 428.77, I mentioned the trendline resistance from 2009 flipped to support in 2020 and 2022.

people need to realize how good that is for longs, they have had complete control since the 2022 bounce. I mentioned many times for many tickers how important a resistance = support pattern can be, you see it here again firsthand.

my targets mentioned in that October analysis have basically been hit, so I thought it was time for some updates!

daily timeframe:
RSI isn't even that overbought but we do have that local red trend resistance we continue to struggle with, so some short-term dip or more sideways is possible.

I do think we will see that push to new all-time highs once this is done though. SPY to 500+ is not out of the question, the only question now is how soon? more updates soon... boost and follow for more as always. 😊
Comment:

make or break zone ahead of FOMC, bounce here and we head back to highs

close below 485 and the dip continues! GLTA
Comment:
sitting at cluster support (SMA and trend support zone) lets see how it reacts here over the next few days
Comment:
already up 5 dollars from cluster support, LFG
Comment:
Men lie, woman lie, my trend support zones dont lie. ;)
Comment:

SPY continues to hold my trend support zone mentioned in recent charts, next break past 509 area sends us much higher IMO
Comment:
we continue to hold trend support zone ive shown, CPI tomorrow make or breaks us on this support zone

discord.gg/QrRBKetJPb

small account challenge (150 to 10,000) coming soon, it will be free in the discord!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.