Today the $SPY did something it hasn’t yet done in this selloff. It flushed through a significant level and then moved strongly back above it and closed there. $411.50 is a price support area that dates back over a year ago to April 2021. It helped keep prices up through much of that month and into May ’21 when two failed breakdowns helped propel things higher through the summer.
$SPY Flush — was that it?
$SPY Flush — was that it?
$SPY Flush — was that it?
Today the $SPY did something it hasn’t yet done in this selloff. It flushed through a significant level and then moved strongly back above it and closed there. $411.50 is a price support area that dates back over a year ago to April 2021. It helped keep prices up through much of that month and into May ’21 when two failed breakdowns helped propel things higher through the summer.