$SPY SPDR S&P 500 ETF Trust Stock Robo Analyst October 24 2019 #SPY

SPDR S&P 500 ETF Trust (SPY) “On a long-term technical basis, the stock (SPY) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 296.70 and 281.72. If the stock breaks down through support at 296.70 then it will probably continue lower to 281.72. The stock will meet resistance at 301.13 and 340.46. If the stock breaks up through resistance at 301.13 then it will probably continue higher to 340.46. The 200-day moving average is at 287.01. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (89.45).”