$SPY Breaks Support, Here Are the Next Key Buy Levels
Over the weekend, 2 US soldiers were killed in an Iranian strike.
$SPDR S&P 500 ETF Trust(SPY)$ is set up for a hard bleed on Monday.
Key buy areas ⬇️
Key buy areas 👇
$741.05 — first shelf + MA confluence, buyers defend here but this level is now resistance on Monday.
$728.76 — old breakout + gap-fill demand pocket (50%)
$723.79 — swing pivot into rising long MA (25%)
$716.82 — deep accumulation base, washout-only bid (10%)
Note
$SPY brokedown on Friday and now trades uner 20SMA and 50SMA too and got rejected again at $748 on Friday.
Seriously week chart forming now on $SPY.
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