Replies to post #346404 on SPDR S&P 500 (SPY)

[Ferda]

If 443.36 don't hold...

[USDollar]

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