SPY Resistance at 200 MA & Head & Shoulder Pattern

27 Kas 2022

SPY has strong resistance at 200 MA around ~$404 level and is holding below it; also we see stochastic is overbought and we could see a downside coming if it does not break that level. The support is around ~$390 level at 100 MA and it breaks that the next one is at 50 MA at ~$378 level.