Week of 1/30: SPY Supply and Demand Levels

2023년 1월 30일

I'm expecting a retest of supply around $407-$408.20. Otherwise, I'll be expecting a retest of the broken $403-$404 supply. If we start to reject and stay under this 2nd level, I'll be waiting for $400.

If we can hold and break above $408.60 next week, I think the next stop is to retest $410, where we are likely to face some strong resistance.

Left Chart Indicators:
- 9 SMA: Yellow
- 200 SMA: Red
- VWAP: Blue

Right Chart Indicators:
- 9 SMA: Yellow
- 50 SMA: Green
- VWAP: Blue

2023년 1월 30일

노트

Left side is 15m and right is 1h chart.