SPY Bounce Analysis – Rally Or Trap?

Founder of Share Planner • Apr 2, 2025 at 3:00 AM EDT

In this video, I dive into the technical details of the S&P 500 chart, breaking down key resistance and support levels, and sharing my take on whether this bounce can stick or if it’s just another trap.

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Image Source: Pixabay

SPY has bounced for two straight days, but traders are wondering if this rally is legit. In this video, I dive into the technical details of the S&P 500 chart, breaking down key resistance and support levels, and sharing my take on whether this bounce can stick or if it’s just another trap.

Video Length: 00:06:28