Coming into the next few sessions, SPY is all about the 406.35 level in my opinion.
This level was resistance late May and have become support (2x) last week. Price also broke a trendline from the 380s lows last month.
If we come to retest this level again, I am not so sure it will hold.
Below 406.35 we have 404 and below that 398
Long would be only above green rectangle (418.50 / 420)
This level was resistance late May and have become support (2x) last week. Price also broke a trendline from the 380s lows last month.
If we come to retest this level again, I am not so sure it will hold.
Below 406.35 we have 404 and below that 398
Long would be only above green rectangle (418.50 / 420)