SPDR S&P 500 ETF TRUST
Updated

SPY 11/22 Plan

400
Until we are able to break above the trendline, We will continue to chop

Look at where they closed yesterday, right at it, and rejected.

We have to be patient, the move will come...
One thing to notice though was the retest of the trendline, as of now the retest was able to close above the trendline, but we need to see volume coming in for this move to happen.

If we go below 592 again, i believe we retest 589 fast.
Trade closed: target reached

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.