The SPY (SPDR S&P 500 ETF Trust) has been experiencing resistance at the $514.96 level, with a potential entry point just above this resistance zone. 1
Additionally, the SPY's support price is $510.00 and resistance is $516.72, based on a 1-day standard deviation move. 2
It's important to note that the stock's recent volatility has been relatively high, so it's possible that these levels may shift or be tested throughout the week.
Investors should continue to monitor the SPY's performance and consider these levels when making trading decisions.
Source:
1.
spdr s&p 500 etf trust (spy)
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What are the current support and resistance levels for the SPY?
How should investors approach trading the SPY with the current support and resistance levels in mind?
What is the historical significance of the $514.96 resistance level for the SPY?
Are there any significant news or events that could impact the SPY's price resistance this week?
How does the SPY's recent volatility affect the reliability of its support and resistance levels?
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