SPY has been close to 360 twice in recent months, but has never breached it. Hasn’t been below 360 since before COVID.
What’s this mean? Is it a real resistance at 360, and giving around here until the bottom falls out?
Does someone get liquidated or margin called below 360?
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Nah dude it’s just market thinks spy at 360 is a too good of a price to buy
It’s just there’s too much demand at that price point
It’s semantics but 3600 is acting as support, not resistance.
We will see how long that lasts…
High demand at the price. Most likely because it bounced at that level before for a huge rally. People are more willing to buy at this price in hopes to ride another potential rally.
Wow… they’re getting more regarded every time I stop by. This is genuinely impressive. Puts on the IQ of WSB.
2017 called and wants its stock levels back.
The market is currently pricing in that every American becomes destitute and can’t afford anything, every profitable company goes to a 2 p/e, and every non-profitable company goes to $0.
” restistance ” so cute.