SPY (s&p500 etf) - Support, Resistance, Trend - October 2021
SPY index ETF has been in a daily downtrend since September 2021.
SPY price is currently under trendline resistance.
Bearish scenario: Price falls down below $437, $435, or $428.
Bullish scenario: Price breaks up above $441 to $444.
Resistance(s): $441, $444, $447, $449, $450, $452.
Support(s): $435, $430, $429, $426, $422, $419.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility for the next 30 days.
SPY price is currently under trendline resistance.
Bearish scenario: Price falls down below $437, $435, or $428.
Bullish scenario: Price breaks up above $441 to $444.
Resistance(s): $441, $444, $447, $449, $450, $452.
Support(s): $435, $430, $429, $426, $422, $419.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility for the next 30 days.
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