SPDR S&P 500 ETF Trust

$SPY on 1hour Pullback/ Quad witching prediction

130
SPY on 1hour Pullback

SPY to potentially touch next target of new support $387.48
SPY did touch previous support marked on my chart from yesterday afternoons charting as noted of 1st support.

I do think spy has potential to still pull back more especially since today is what we consider quad witching if you were in the stock market around 2020 or before.
Many may know it as now effectively as "triple witching" which occurs on the third Friday of March, June, September, and December.
Equity trading volume tends to rise on these days and is typically heaviest during the last hour of trading as traders adjust their portfolios.
I am expecting a red close.

What are your thoughts?
Comment below.

P.s. Happy St.Patricks day traders! :)
-Kelly


면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.