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SPDR S&P 500 ETF TRUST
Short

S&P 500 at Strong Resistance, Short Trade Setup for SPXS

199
SPY is trading at a key resistance level, the white resistance line that has consistently provided strong rejections for the S&P 500. I am taking a short trade setup by going long on SPXS.

Price targets:
- Red support zone between $469 and $477
- Red trendline around $433 (price increases over time since the trendline is sloped upwards).
realchartchamp
Also on:
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) spy500spyanalysisspyforcastspyideaspyindexspyoptionsspyshortspysignalsTrend Analysis

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Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) spy500spyanalysisspyforcastspyideaspyindexspyoptionsspyshortspysignalsTrend Analysis
realchartchamp
Also on:

Related publications

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.