SPY Gap Analysis: Second Gap Filled, Final Target at $672
$SPDR S&P 500 ETF Trust(SPY)$ 2nd gap closed and now 1 more to go. This gap closes completely at $672 area.
Then we have 20SMA at $672.31 which I think is a powerful area of support. Don't think we close under it (70% of the time)
Big demand zone here for buyers from $663-$667. This is short-term noise. SPY needs a healthy pull back to launch higher through $700+
SPY gaps are at:
1. $678-$682
2. $672-$675
The 20SMA is at $670.55 will act as massive support for the big rally in November.
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- Merle Ted·2025-11-05Sitting on the 20mda, no damage. For the most part, in the last 6+ months down days like this have had no follow through selling. Let’s see what tomorrow brings.LikeReport
- Mortimer Arthur·2025-11-05Don't worry, it'll hit 1000 by the end of the year. Everyone will be a millionaire.LikeReport