Trading Spdr S&p 500 $SPY With Integrated Risk Controls

March 14, 2023, 17:30 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPY

• Buy SPY slightly over 383.73 target 409.53 stop loss @ 382.62 Details

The technical summary data tells us to buy SPY near 383.73 with an upside target of 409.53. This data also tells us to set a stop loss @ 382.62 to protect against excessive loss in case the stock begins to move against the trade. 383.73 is the first level of support below 391.73 , and by rule, any test of support is a buy signal. In this case, support 383.73 is being tested, a buy signal would exist.

• Short SPY slightly under 409.53, target 383.73, stop loss @ 410.71 Details

The technical summary data is suggesting a short of SPY as it gets near 409.53 with a downside target of 383.73. We should have a stop loss in place at 410.71though. 409.53 is the first level of resistance above 391.73, and by rule, any test of resistance is a short signal. In this case, if resistance 409.53 is being tested, a short signal would exist.

Swing Trading Plans for SPY

• Buy SPY slightly over 396.74, target 409.53, Stop Loss @ 395.59 Details

If 396.74 begins to break higher, the technical summary data tells us to buy SPY just slightly over 396.74, with an upside target of 409.53. The data also tells us to set a stop loss @ 395.59 in case the stock turns against the trade. 396.74 is the first level of resistance above 391.73, and by rule, any break above resistance is a buy signal. In this case, 396.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SPY slightly near 396.74, target 385.48, Stop Loss @ 397.89. Details

The technical summary data is suggesting a short of SPY if it tests 396.74 with a downside target of 385.48. We should have a stop loss in place at 397.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 396.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SPY

• Buy SPY slightly over 396.74, target 409.53, Stop Loss @ 395.81 Details

If 396.74 begins to break higher, the technical summary data tells us to buy SPY just slightly over 396.74, with an upside target of 409.53. The data also tells us to set a stop loss @ 395.81 in case the stock turns against the trade. 396.74 is the first level of resistance above 391.73, and by rule, any break above resistance is a buy signal. In this case, 396.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SPY slightly near 396.74, target 389.78, Stop Loss @ 397.67. Details

The technical summary data is suggesting a short of SPY if it tests 396.74 with a downside target of 389.78. We should have a stop loss in place at 397.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 396.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Spdr S&p 500 (SPY) available here: SPY.

SPY Ratings for March 14:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	355.81
P2	382.42	385.48	383.73
P3	389.78	396.74	409.53

AI Generated Signals for SPY

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