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SPDR S&P 500 ETF Trust

SPY | Informative | Key-levels

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SPY

Here is my SPY chart, ingredients are:
1- Fibo Price channel,
2- Support/resistance levels based on Monthly, weekly, daily price actions.

as you see, today candled at the edge of the price channel and Fibo level and a major key-level. bounce up or drop from this level will define the direction of the trend for a long time. based on market condition and money-flow I expect we touch 440$ area in following weeks and then we bounce up to hit 500$.

* This is my idea and could be wrong 100%
shkspr
no pain, no gain
Unveiling illusions, revealing wealth
Also on:
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) Trend Analysis

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) Trend Analysis
shkspr
no pain, no gain
Unveiling illusions, revealing wealth
Also on:

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.