VasilyTrader

SPX500 INDEX (SPY) KEY LEVELS

Short
FX:SPX500   S&P 500 Index

These last few days spy is relatively slow.
This is the calm before the storm.

Currently, the market is accumulating volumes and we are preparing for the next wave.

I don't know whether we will go lower, or finally, we will see a pullback.
No matter what is gonna happen, here are key levels to consider:

in case of a bearish breakout below current support, 2140 is the next strong support.
then goes 1850.

in case of a pullback, 2620 is the first resistance to consider.

adjust you trading plan accordingly.

good luck!

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