Domistock Tools Used:
Assets charted: S&P 500 ETF (SPY)
DomiStock has drawn two support lines just below SPY, at time when the S&P’s ETF has already had quite an important correction move. Additionally, the Nearest Support Resistance Auto Detect tool, sees the closest resistance level for SPY being at 203.88, which is just a hair away from SPY’s closing price at 204.20. Supportive of a potential upward reaction for SPY is also the 3-day Resultant Direction of the Max Profit Loss Calculator, which turned positive suggesting there is a 35% chance SPY will be higher in the next 3 sessions.