Domistock Tools Used:
Assets charted: S&P 500 ETF (SPY)
If you are looking for an opportunity to bet against the crowd, then this is might be the one. Let’s take SPY for example, the S&P 500 SPDR that we use as a US stock market barometer index. DomiStock sees its price at $182.86 as being deflated and has drawn a critical support at $181, which just happens to be the low of today’s session. Additionally, the nearest resistance level has been auto-detected at $187, providing some space for a breather and finally the 35% probability, 3-Day Resultant Direction of the Max Profit Loss Calculator has turned positive, with DomiStock giving a 35%+ for SPY to record a profit instead of a loss in the next 3 sessions.
