SPY (S&P500 ETF) - Price Testing Resistance Trendline - Daily

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SPY (S&P500 ETF) price is currently testing a resistance trendline above ($593 to $595 price levels).

SPY price in the medium-term has been uptrending since April and May 2025.

SPY price in the short-term has been consolidating sideways, and a large volume breakout or breakdown has not occurred yet.

The 12EMA (blue line) has been holding as support for 5 trading days. Resistance targets to the upside would be $598 to $600.

The grey gap and the 26EMA (purple line) are downside support targets if a rally does not occur this month ($576 to $567).

Breaking news and tariff trade deals are supposed to occur in June and July 2025.
註釋
Resistance Targets: $593, $595, $598, $600.

Support Targets: $588, $585, $576, $567.

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