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SPDR S&P 500 ETF Trust
Short

$SPY ends the week with a Shooting Star

160
SPY: The week ends with a Shooting Star pattern and a negative RSI 5 divergence.

Levels to watch if the Shooting Star pattern indicates a correction:

1. The last breakout resulted in a new all-time high at 674.

2. The last higher low, which coincides with the 10-week simple moving average, is a key support level that must hold for the uptrend to continue at 663.
OLIV2020
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY)

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.
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY)
OLIV2020

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.