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SPY Headwinds from VWAP

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
jsaettele  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index)
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trendanalysis indicator spy spx
SPY faces resistance from VWAP from the 2020 low. This was recent support which makes it a candidate for resistance now. Basically, 385-387 could cap gains before a final drop into 350-360 and THEN we get a 'tradable' low. Bottom line, pay attention to that anchored VWAP line. It's considered resistance until we're above the line.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
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