realchartchamp

S&P500: Key Support Level for SPY Bulls to Defend

Panjang
BATS:SPY   SPDR S&P 500 ETF TRUST
The S&P 500 been gradually breaking downwards since peaking in July. SPY has reached the bottom of this red parallel channel last week. This is a key support level that has been providing strong support, and I think SPY bulls need to defend this price level this week. The RSI is oversold so the conditions are good for a rebound here.

Want more of my content?

Check out my YouTube and Twitter updates across all financial markets

Join my exclusive Discord community for swing trading, options trading, and long-term investing.

There is a free trial period for the group

Links👇
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.