SPY (S&P500 ETF) is nearing a price Support Zone before corporate earnings season begins.
If Q3 earnings are positive, a bull rally reversal could possibly occur (e.g. June to July 2022 price action).
If Q3 earnings are negative, support levels will breakdown and a price downtrend could continue (e.g. March to April 2022 price action).
Support Zone price levels: $357, $350, $342, $325, $313.
Resistance Zone price levels: $374, $388, $400, $412, $426.
If Q3 earnings are positive, a bull rally reversal could possibly occur (e.g. June to July 2022 price action).
If Q3 earnings are negative, support levels will breakdown and a price downtrend could continue (e.g. March to April 2022 price action).
Support Zone price levels: $357, $350, $342, $325, $313.
Resistance Zone price levels: $374, $388, $400, $412, $426.
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Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
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All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.