Daily Price Action Analysis On The S&P 500 (SPY) ETF Thursday, March 16th, 2023.

Daily Price Action Analysis On The S&P 500 (SPY) ETF Thursday, March 16th, 2023. Yesterday spy retrace from a major support zone.

Daily Price Action Analysis On The S&P 500 (SPY) ETF Thursday, March 16th, 2023.

Daily Price Action Analysis On The S&P 500 (SPY) ETF Thursday, March 16th, 2023. It is a good sign to the market began to change its trend. thou there is a panic in the stock market for bankruptcy in the USA. but over all market is bullish it seen. we can see a strong pullback in spy.

It is a big pic of the market in that traders want to buy stock . in this situation, we can buy from spy at buy zone 384.37 to 385.35 level and our stop loss must be 383.37. if we enter this buy level then our take profit must be 390.11 to 391.46 intra-day trade. it we want to hold or swing trade then our take profit level may be 394.00 to 395.00 zone.