Stock Market

SPY October 31 Intraday Support Resistance

Here’s a demonstration of how well the pivot calculation worked today. Yesterday I posted a chart with these levels:

R1 – 96.28
S1 – 92.67
R2 – 98.20
S2 – 90.98

SPY never got to the lower levels. It started testing the first resistance right out of the gate. Once it broke above it, that level became support, and SPY bounced off of it at the end of the day.

Click to enlarge