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.
Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
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.