When (SPY) Moves Investors should Listen
December 11, 2024, 12:58 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPY
- Buy SPY near 594.22 target 609.38 stop loss @ 592.5 Details
The technical summary data tells us to buy SPY near 594.22 with an upside target of 609.38. This data also tells us to set a stop loss @ 592.5 to protect against excessive loss in case the stock begins to move against the trade. 594.22 is the first level of support below 607.91 , and by rule, any test of support is a buy signal. In this case, support 594.22 is being tested, a buy signal would exist.
- Short SPY slightly under 609.38, target 594.22, stop loss @ 611.14 Details
The technical summary data is suggesting a short of SPY as it gets near 609.38 with a downside target of 594.22. We should have a stop loss in place at 611.14though. 609.38 is the first level of resistance above 607.91, and by rule, any test of resistance is a short signal. In this case, if resistance 609.38 is being tested, a short signal would exist.
Swing Trading Plans for SPY
- Buy SPY slightly over 609.38, target 611.01, Stop Loss @ 607.62 Details
If 609.38 begins to break higher, the technical summary data tells us to buy SPY just slightly over 609.38, with an upside target of 611.01. The data also tells us to set a stop loss @ 607.62 in case the stock turns against the trade. 609.38 is the first level of resistance above 607.91, and by rule, any break above resistance is a buy signal. In this case, 609.38, 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 609.38, target 606.33, Stop Loss @ 611.14. Details
The technical summary data is suggesting a short of SPY if it tests 609.38 with a downside target of 606.33. We should have a stop loss in place at 611.14 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, 609.38, 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 609.38, target 611.01, Stop Loss @ 607.96 Details
If 609.38 begins to break higher, the technical summary data tells us to buy SPY just slightly over 609.38, with an upside target of 611.01. The data also tells us to set a stop loss @ 607.96 in case the stock turns against the trade. 609.38 is the first level of resistance above 607.91, and by rule, any break above resistance is a buy signal. In this case, 609.38, 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 609.38, target 606.33, Stop Loss @ 610.8. Details
The technical summary data is suggesting a short of SPY if it tests 609.38 with a downside target of 606.33. We should have a stop loss in place at 610.8 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, 609.38, 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 S&p 500 Etf Trust Etf (SPY) available here: SPY.
SPY Ratings for December 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
576.22 |
| P2 |
603.52 |
606.33 |
594.22 |
| P3 |
606.16 |
611.01 |
609.38 |
AI Generated Signals for SPY
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The S&p 500 Etf Trust Etf (NYSE: SPY) report below is a real world example. Included are trading plans for SPY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SPY:
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