Spdr S&p 500 SPY Buy and Sell Signals

November 06, 2021, 10:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Trading Spdr S&p 500 (NYSE: SPY) can be rewarding so long as traders and investors observe the important pivot points for the stock before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SPY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SPY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SPY too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for SPY

• Details
• Details

Swing Trading Plans for SPY

• Buy SPY slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy SPY just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 468.53, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 near n/a, target 468.53, Stop Loss @ 0. Details

The technical summary data is suggesting a short of SPY if it tests n/a with a downside target of 468.53. We should have a stop loss in place at 0 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, n/a, 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 n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy SPY just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 468.53, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 near n/a, target 468.53, Stop Loss @ 0. Details

The technical summary data is suggesting a short of SPY if it tests n/a with a downside target of 468.53. We should have a stop loss in place at 0 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, n/a, 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.

SPY Ratings for November 06:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	446.25
P2	464.35	462.52	458.51
P3	466.65	465.51	468.53

Support and Resistance Plot Chart for SPY

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