[/caption] Trading the ETF (SPY) in the trading course live room. The ETF - SPY has been in a bearish trend with price action hugging the lower trendline. If the sellers keep pressuring price to test support at the bottom trendline, a pierce and breakthrough of support may occur to drive price to lower lows past this bearish trendline. If conditions go into the oversold area, buyers may come in to fuel a rally to the upside to test the resistance levels. The first target is 133.79. The next targets are 135.06, 135.89, 136.67, 137.65, 138.94, 140 and on to the outer resistance target of 140.64. Trade What You See day trading course
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