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$SPDR S&P 500 ETF (SPY.US)$ 504.91 is a  monthly support are...

$SPDR S&P 500 ETF(SPY.US)$ 504.91 is a monthly support area, once we break that we can buy puts. But, so far we are still testing that weekly resistance area (504.58 / 507.11) and that daily (505.86 / 506.68) area.. we go below 504.91 we could see this test that previous weekly area (501.87 / 503.25). we stay above 504.91 and build more support, then 509.33 is the next potential target. REMEMBER 504.91 is the key level to watch for.
$SPDR S&P 500 ETF (SPY.US)$ 504.91 is a  monthly support area, once we break that we can buy puts. But, so far we are still testing that weekly resistance area ...
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love reading charts and learning new things.
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