SPDR S&P 500 ETF TRUSTUpdated S&P 500 analysis
Significant price point
287.66
Market indicated a "too far, too fast" signal yesterday.
A market that is still strong will bounce back
A market that's vulnerable for a downturn will show it's hand by
closing below and staying below 287.66
Thanks and please Like and Follow if this idea is helpful!
287.66
Market indicated a "too far, too fast" signal yesterday.
A market that is still strong will bounce back
A market that's vulnerable for a downturn will show it's hand by
closing below and staying below 287.66
Thanks and please Like and Follow if this idea is helpful!
Note
Day after announcing "battle line" at 287.66: SPY closed at 287.82 (line held)2 Days after post: Close 287.82 (line held)
3 Days after post: Close 287.44 (battle line lost)
4 Days after post: Dow drops 400
Note
correction, 4 Days after post: Dow drops 831
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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.