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ivanistrading

SPY Short-term supports - Jan 18

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ivanistrading  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance Trend Lines Head and Shoulders SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) market
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supportandresistance trendline headandshoulders spy spx market
Yesterday, the first support zone - 21 EMA (green on chart) - was confirmed.

In case the price loses this zone, the next potential support will be the left shoulder level of Inv. H&S (467.80).

If the price goes lower, then we can expect a reaction from 465, which is ATH.

I'm also considering here Bottoming Support Trendline as potential support.

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