Moving forward to October 13 you see the key reversal buy signal. The low was $348.11 and the close as $365.97, above the October 12 high of $359.82.
The monthly value level for October is the horizontal line at $352.75. The higher horizontal lines are the annual, semiannual and quarterly risky levels at $436.51, $440.84 and $475.25, respectively.SPY has a negative but oversold weekly chart with the ETF below its five-week modified moving average at $375.25. It is above its 200-week simple moving average, or ‘reversion to the mean’ at $359.78, after ending last week below this moving average.
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