SPDR S&P 500 (SPY): The good thing is that is quite easy to...

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Re: letj21 post# 346404

Monday, 09/13/2021 2:20:23 PM

Monday, September 13, 2021 2:20:23 PM

The good thing is that is quite easy to see

The actual price-line (last close) on your chart was pointing at it so I thought it should be obvious.

Here's your chart where I added the horizontal support lines I see at this time

Notice how simple it is.

A strategy is very simple to employ based on such things

Support lines are green.
If any one is broken it will become a red line as horizontal resistance

The blue trendline could be ok, but is not as critical like the horizontal support lines - confluence however is important

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