Piro_Trader_98

Spy Levels for 06/24-06/28

AMEX:SPY   SPDR S&P 500 ETF TRUST
As we can see in the charts, we have several levels that are key to buy since SPX and SPY both briefly touched the levels 5500 and 550 respectively. With that important level in mind, and the overall direction of spy being bullish, we can identify several key levels for the weekly support. The biggest resistance still holds at 550 level that would be key rejection zone if the markets keep pushing higher. if that happens. Spy should see another selloff which can initiate a possible correction until good economic data doesn't come forward. But as of now, these zones can help identify a quick scalp and possibly even a swing trade. Keep an eye out, we don't want to miss out on the quick bullish momentum!
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.