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#Stockspy spy stock series#

The SPY has resistance above at $400 and $404 and support below at $394.17 and $385.85.

The pattern leans bullish in this case but traders and investors can watch for the SPY to break up or down from Wednesday’s mother bar on higher-than-average volume later on Thursday or over the next few days, to gauge future direction.

On Thursday, the SPY was also printing an inside bar pattern, with all of the price action taking place within Wednesday’s trading range.

If that happens, in can indicate a longer-term reversal to the downside is in the cards. What this means is that if you buy 100 worth of SPY, youll own about 6 worth of Apple stock, 5.4 of Microsoft stock, and so on.

The rising channel pattern is considered bullish until a stock or ETF breaks down from the lower trendline of the pattern on higher-than-average volume.

so in short its basically never a bad idea.

this is the formula for the most passive and reliable long term growth for anybody who is lax about investing and doesnt want to regularly have to reanalyze/rebalance all of their positions. The ETF’s most recent higher high was formed on Wednesday at $402.49 and the most recent higher low was printed at the $392.07 mark on the same day. The SPDR S&P 500 SPY opened higher on Thursday and was rallying about 1 intraday on hopes the Federal Reserve will begin to cut interest rates later this year after raising the benchmark interest. spy (or VTI) + multiple decades + regular contributions + literally never sell.

#Stockspy spy stock series#

The SPY Chart: The SPY has been trading in an uptrend within a rising channel pattern since March 13, making a consistent series of higher highs and higher lows. Stock Spy enables you to easily visualize and pinpoint important company events directly on a stock chart to make smart investment decisions, faster You can quickly see where a stock has been, where its going and why.