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SPY first target
SPDR S&P 500 ETF TRUST
SPY first target
By WhoIsWu
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Updated
Aug 1, 2022
7
Jul 20, 2022
Never really trade
SPY
but every now and then set targets, to evaluate other things.
Target #1
390 or 390.5-ish, I think it'll just be a bounce, and up towards channel walls,
but first it needs to break this short term
Blue trendline
.
If trendline and the first target break, then
Support
of 385 to 380 follows
Best case scenario, 375-ish
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
Aug 1, 2022
Note
Bounce off of Target #1 turned into a strong move up.
Parallel Channel
SPDR S&P 500 ETF (SPY)
Support and Resistance
WhoIsWu
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