The S&P 500 ETF Trust (NYSE:SPY) traded lower by 0.43% on Thursday, its fourth consecutive day of losses, prompting traders to look to the charts for key potential support levels for the market.
Tom Essaye, founder of Sevens Report Research, highlighted several key levels he’s watching for potential support and even some critical potential resistance levels should the S&P 500 bounce off of its lows at some point.
Related Link: This Model Suggests Negative S&P 500 Returns Over The Next Decade
Current Situation: First, Essaye defined what he calls....More>>>