$SPY SPDR S&P 500 ETF Trust Stock Robo Analyst October 8 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 284.02 and 261.94. If the stock breaks down through support at 284.02 then it will probably continue lower to 261.94. The stock will meet resistance at 290.35 and 340.46. If the stock breaks up through resistance at 290.35 then it will probably continue higher to 340.46. The 200-day moving average is at 284.02. This will also act as support. The stock is slightly oversold according to the Stochastic Indicator (34.60).”