- Range of SPY mentioned in the below chart has broken at 127.01.
- Next support in this time frame is the recent low at 126.19.
- Break of this level will be negative it will fill the remaining GAP in this time frame.
- SPY 30 minutes chart is showing support at 127.01 and resistance at 127.83
- Price is also developing a consolidation pattern which will give good movement on a breakout.