SPY (S&P500 ETF) price is attempting to breakout above Daily resistance levels of $594 and $597.
SPY ETF has been in an uptrend since May 2025. A Golden Cross also occured on May 19th 2025, signaling that a potential longer term bullish rally could occur.
Friday's candle closed as a Doji signaling some potential indecision after recent price volatility.
SPY price is not at any extreme level on the Daily chart.
If SPY price ever gaps up and rallies up to the $612 to $620 resistance zone, price could sell off stronger (short-term).
In June 2025, trade deal and inflation news will most likely be the catalyst for further volatility, in addition to government news announcements.
SPY ETF has been in an uptrend since May 2025. A Golden Cross also occured on May 19th 2025, signaling that a potential longer term bullish rally could occur.
Friday's candle closed as a Doji signaling some potential indecision after recent price volatility.
SPY price is not at any extreme level on the Daily chart.
If SPY price ever gaps up and rallies up to the $612 to $620 resistance zone, price could sell off stronger (short-term).
In June 2025, trade deal and inflation news will most likely be the catalyst for further volatility, in addition to government news announcements.
Note
Resistance Targets: $604, $607, $610, $612.Support Targets: $595, $592, $588, $582.
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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.