Support and resistance on spy today for day trading
2/28/2024 04:01pm
Aime
The support and resistance levels for SPY (SPDR S&P 500 ETF Trust) today are based on end-of-day prices and are intended for current day trading if the market is open. 1
Support Levels:
1. First Support: This level is the first line of defense for the support level. It is where the price of the ETF is expected to find buying interest and potentially bounce back up.
2. Second Support: This level is the second line of defense for the support level. It is where the price of the ETF is expected to find strong buying interest and potentially rebound.
Resistance Levels:
1. First Resistance: This level is where the price of the ETF is expected to face selling pressure and potentially pull back.
2. Second Resistance: This level is where the price of the ETF is expected to face strong selling pressure and potentially reverse its trend.
These levels can be used by day traders to make short-term trading decisions. However, it is important to note that these levels are not guaranteed and should be used in conjunction with other technical analysis tools and indicators.
Source:
1.
SPY - S&P 500 SPDR ETF Trader's Cheat Sheet
more
less
Explore
Screener
Pick 2 stocks from the S&P 500 keeping steadfast to Warren Buffett’s mindset
Analysis
Is Rocket Lab a good long-term investment?
Learn
Challenging and Unique Questions About Cryptocurrencies – Essential for Success in This Field
News
Has there been any negative news coverage about the company?
Wiki
Cause of spontaneous severe recurring nose bleeding in fifty plus female