Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

The S&P 500 (SPY): Poor Defense for Key Support Levels

This is a follow-up post after SPY poorly defended the two key support levels discussed in my last post. There was little fight from S&P bulls and bearish sentiment after the Sept FOMC meeting that reinforced the higher for longer narrative. For now I’m waiting until the end of the week for the Q3 candle close at the end of September. I have the red trendline as a key price target with a price level around $437-438.

TradingView Chart:
https://www.tradingview.com/chart/SPY/2IJVgGe7-The-S-P-500-SPY-Poor-Defense-for-Key-Support-Levels/

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Best Interest Rates for November 2024 Revealed: Savings, Checking, CDs, and Brokerage Accounts

Here are the best interest rates for November 2024: Savings Account Interest Rates Big Banks Regional Banks Online Banks Summary: Online banks offer the best savings rates, with SoFi at 4.20% and Marcus at 4.10%. Big and regional banks fall short, offering as low as 0.01%, except for Arvest Bank at 0.25%. Checking Account Interest […]

Read More
Default Thumbnail

Matching 401k Contributions to an HSA

In this video at the :45 mark, Brian stated that in 2025 employers would be able to make matching 401k contributions to an HSA rather than to a Pre-Tax Retirement account. Can anyone in the community point me to documentation (preferably on irs.gov) that clearly states this allowance? I would like to forward the information […]

Read More
Default Thumbnail

TLT

Anyone investing in the ETF

Read More