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SPDR S&P 500 ETF TRUST
Long
Updated

SPY: Potentially rebounding off weekly support here

735
The correction I anticipated as per weekly signals panned out, market is now at support. Don't be shocked if we bounce from here.
You may go long if you're swing trading, risking $50 down from entry.

Cheers,

Ivan Labrie.
Trade closed manually
I think the market may have peaked here after rebounding from support. Better to exit and add to gold / bonds.
Note
Daily #SPY could turn up from here, but the options market is signaling caution, same as other technical and fundamental indicators. snapshot A sideways/down move is more probable overall, like the weekly chart implies, until risks are out of the way by next year.
IvanLabrie
Also on:
Beyond Technical AnalysisChart PatternskeyhiddenlevelsSPDR S&P 500 ETF (SPY) timeatmodeTrend Analysis

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.
Beyond Technical AnalysisChart PatternskeyhiddenlevelsSPDR S&P 500 ETF (SPY) timeatmodeTrend Analysis
IvanLabrie
Also on:

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.