Setting up for test of the low
I am anticipating a test of the low next week at 365.86. Should it break through, SPY has shown significant support over time at the 40 month moving average, Comes in around 360. That being said, I'm looking for 397 on this move higher and will enter put positions here.
Potential for 40 point move in a week or two.
Potential for 40 point move in a week or two.
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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.