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SPY Support and Resistance Levels (Pivot Points)


This is only an example SPY support and resistance levels based on the Pivot Points. It does not mean that we use SPY Pivot Points to set stop-loss or target exit in our SPY uncovered options signals. Managing our SPY system is more complex as it cover aspects of uncovered options - such as how much time left to the expiration, how far the strike price is from the current SPY price - plus it covers many other technical indicators applied to the S&P 500 index (SPY tracks this index).

SPY Daily Pivots

Based on the daily data for 5/3/2024:
Open: 511.16; High:512.55; Low: 508.56; Close: 511.31
Support / ResistanceDaily SPY
Pivots
Current
Close
Resistance #4
522.78
Midpoint
520.78
Resistance #3
518.79
Midpoint
516.79
Resistance #2
514.80
Midpoint
513.93
Resistance #1
513.05
Midpoint
511.93511.31
Pivot Point
510.81
Midpoint
509.94
Suppport #1
509.06
Midpoint
507.94
Support #2
506.82
Midpoint
504.82
Support #3
502.83
Midpoint
500.83
Support #4
498.84

SPY Weekly Pivots

Based on the weekly data for the 4/25/2024 - 5/3/2024 period :
Open: 499.18; High: 512.55; Low: 497.49; Close: 511.31
Support / ResistanceWeekly SPY
Pivots
Current
Close
Resistance #4
552.30
Midpoint
544.77
Resistance #3
537.24
Midpoint
529.71
Resistance #2
522.18
Midpoint
519.46
Resistance #1
516.74
Midpoint
511.93511.31
Pivot Point
507.12
Midpoint
504.40
Suppport #1
501.68
Midpoint
496.87
Support #2
492.06
Midpoint
484.53
Support #3
477.00
Midpoint
469.47
Support #4
461.94

SPY Monthly Pivots

Based on the monthly data for 4/5/2024 - 5/3/2024 period:
Open: 514.46; High: 520.75; Low: 493.86; Close: 511.31
Support / ResistanceMonthly SPY
Pivots
Current
Close
Resistance #4
589.31
Midpoint
575.87
Resistance #3
562.42
Midpoint
548.98
Resistance #2
535.53
Midpoint
529.48
Resistance #1
523.42
Midpoint
516.03511.31
Pivot Point
508.64
Midpoint
502.59
Suppport #1
496.53
Midpoint
489.14
Support #2
481.75
Midpoint
468.31
Support #3
454.86
Midpoint
441.42
Support #4
427.97

Risk Statement:

Naked options trading is very risky - many people lose money trading them. It is recommended contacting your broker or investment professional to find out about trading risk and margin requirements before getting involved into trading uncovered options.

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