Learn to Evaluate Spdr S&p 500 ($SPY) using the Charts

August 26, 2023, 08:30 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPY

• Buy SPY slightly over 425.61 target 441.13 stop loss @ 424.38 Details

The technical summary data tells us to buy SPY near 425.61 with an upside target of 441.13. This data also tells us to set a stop loss @ 424.38 to protect against excessive loss in case the stock begins to move against the trade. 425.61 is the first level of support below 439.97 , and by rule, any test of support is a buy signal. In this case, support 425.61 would be being tested, so a buy signal would exist.

• Short SPY slightly under 441.13, target 425.61, stop loss @ 442.4 Details

The technical summary data is suggesting a short of SPY as it gets near 441.13 with a downside target of 425.61. We should have a stop loss in place at 442.4though. 441.13 is the first level of resistance above 439.97, and by rule, any test of resistance is a short signal. In this case, if resistance 441.13 is being tested, so a short signal would exist.

Swing Trading Plans for SPY

• Buy SPY slightly over 440.47, target 441.13, Stop Loss @ 439.2 Details

If 440.47 begins to break higher, the technical summary data tells us to buy SPY just slightly over 440.47, with an upside target of 441.13. The data also tells us to set a stop loss @ 439.2 in case the stock turns against the trade. 440.47 is the first level of resistance above 439.97, and by rule, any break above resistance is a buy signal. In this case, 440.47, 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 440.47, target 434.01, Stop Loss @ 441.74. Details

The technical summary data is suggesting a short of SPY if it tests 440.47 with a downside target of 434.01. We should have a stop loss in place at 441.74 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, 440.47, 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 440.47, target 441.13, Stop Loss @ 439.44 Details

If 440.47 begins to break higher, the technical summary data tells us to buy SPY just slightly over 440.47, with an upside target of 441.13. The data also tells us to set a stop loss @ 439.44 in case the stock turns against the trade. 440.47 is the first level of resistance above 439.97, and by rule, any break above resistance is a buy signal. In this case, 440.47, 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 440.47, target 434.01, Stop Loss @ 441.5. Details

The technical summary data is suggesting a short of SPY if it tests 440.47 with a downside target of 434.01. We should have a stop loss in place at 441.5 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, 440.47, 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 August 26:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	425.61
P2	440.40	434.01	441.13
P3	444.09	440.47	456.93

AI Generated Signals for SPY

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Spdr S&p 500 (NYSE: SPY) report below can help you understand how to do this. The trading plans for SPY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.