From TradingView · · 50s
SPY: Can Buyers Save $760?
SPY buyers aim to reclaim $760 before Friday's earnings.
In brief
SPY buyers aim to reclaim $760 before Friday's earnings. SPY buyers target $760 to avoid further losses ahead of key earnings reports. Originally reported by TradingView.
SPY weekly trend
SPY enters the week with its daily uptrend under pressure.
Price action
Price has slipped below the rising support line from September.
Key support levels
The first support test is $762, $760.64.
Earnings catalysts
Netflix reports Tuesday, followed by META, Tesla, and Lam Research on Wednesday.
Daily RSI indicator
Daily RSI has fallen to roughly 47.8, below both 50 and its signal average.
Critical price targets
Reclaiming $774, $775 would make the recovery more convincing and bring $778, $780 into view.
Here's the gist
SPY buyers target $760 to avoid further losses ahead of key earnings reports.
