What is the support and resistance for SPDR S&P 500 ETF Trust (SPY) stock price?
SPY support price is $303.67 and resistance is $312.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPY stock will trade within this expected range on the day.
Graph analysis comments:
Short setup, expecting spy to drop
New support and resistance is formed at 300 - 313 price. This will be the new battlegrounds
Investment Plan: Neutral. Buying according to the price range.
puts @ resistance levels
calls @ support levels
????
profit
SPY support price is $303.67 and resistance is $312.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPY stock will trade within this expected range on the day.
Graph analysis comments:
Short setup, expecting spy to drop
New support and resistance is formed at 300 - 313 price. This will be the new battlegrounds
Investment Plan: Neutral. Buying according to the price range.
puts @ resistance levels
calls @ support levels
????
profit