S&P500 Index: Key Levels to Watch Next Week 📈

١٣ أغسطس ٢٠٢٢

Hey traders,

As I predicted, SPY nicely bounced on Friday.
Now the price is heading towards the next daily resistance.

Here are the key levels for you to watch next week:
Resistance 1: 4290 - 4400 area.
Resistance 2: 4500 - 4515 area.
Resistance 3: 4609 - 4639 area.

Support 1: 4150 - 4200 area.
Support 2: 4075 - 4100 area.
Support 3: 3900 - 3940 area.

Consider these structure for pullback/breakout trading.

Good luck next week!

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