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SPDR S&P 500 ETF Trust

SPY Short-term supports - Jan 18

94
Yesterday, the first support zone - 21 EMA (green on chart) - was confirmed.

In case the price loses this zone, the next potential support will be the left shoulder level of Inv. H&S (467.80).

If the price goes lower, then we can expect a reaction from 465, which is ATH.

I'm also considering here Bottoming Support Trendline as potential support.

ivanistrading
Head and ShouldersmarketSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Support and ResistanceTrend Lines

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Head and ShouldersmarketSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Support and ResistanceTrend Lines
ivanistrading

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.