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Kirk_Spano
Mar 12, 2020 5:38 PM
SPY has 3 support levels to watch...
AMEX:SPY
1W
SPDR S&P 500 ETF TRUST
Arca
Description
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Mar 12, 2020 5:38 PM
The December 2018 lows were a test of the bull market. Those will likely break, because we are no longer in a bull market. We are in a bear market.
The 2015-16 consolidation is a likely point for the stock market to regain some stability or if panic occurs, then a lower level will come quickly.
The double tops of 2000 and 2007 are becoming more likely as the stock market decline has become less orderly this week.
Beyond Technical Analysis
SPDR S&P 500 ETF (SPY)
VOO
S&P 500 (SPX500)
Comments
Kirk_Spano
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Jul 16, 2020 6:43 PM
SPY came right down to our first support level in March 2020. Can it head lower yet? Hard to know, but the levels seem about right even if never met due to money printer go brrr.
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