$SPY SPDR S&P 500 ETF Trust Stock Robo Analyst November 7 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 302.63 and 284.82. If the stock breaks down through support at 302.63 then it will probably continue lower to 284.82. The stock will meet resistance at 308.00 and 340.46. If the stock breaks up through resistance at 308.00 then it will probably continue higher to 340.46. The 200-day moving average is at 289.00. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (94.72), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”