The following are the pivot points for the SPDR S&P 500 ETF Trust (SPY). Pivot High: $582.54, Pivot Low: $570.78. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPY:
- “I’m in This for the Long Haul,” Says Billionaire Investor amid Market Volatility
- Powell says Fed not in ‘hurry,’ awaiting ‘greater clarity’
- Fed Chair Powell sees ‘bumpy’ path for inflation returning to target
- Power says uncertainty high, ‘do not need to be in a hurry’
- Powell says policy stance well positioned for risks, uncertainties
Questions or Comments about the article? Write to editor@tipranks.com