S&P500 
SPY | SPY’s All-Time High – Where to Next? | Feb23’25
SPY BUY/LONG ZONE (GREEN): $597.50 – $613.23SPY DO NOT TRADE/DNT ZONE (WHITE): $584.88 – $597.50SPY SELL/SHORT ZONE (RED): $574.00 – $584.88
SPY Trends:SPY Weekly Trend: BullishSPY Daily Trend: BullishSPY 4H Trend: BullishSPY 1H Trend: Bearish
SPY just reached a new all-time high! How did price get there?SPY experienced a small range between 602.45 – 604.00, followed by bearish momentum, leading to a 3% drop in price. However, bullish momentum quickly stepped in, pushing the price up before continuing downward again. This bearish trend was short-lived and appears to have formed a developing range rather than a sustained downtrend.
Shortly after, price broke back above 597.50, signaling the start of a new bullish trend. SPY then established a ranging pattern between 597.50 – 608.00 before ultimately breaking out to a new all-time high of 613.23. Despite the breakout, price action has now dropped back into the range between 597.50 – 608.00.
Where to next? Will SPY hold its new highs, or is this the start of a reversal?
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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