The SPDR S&P 500 ETF Trust is a popular investment option that tracks the performance of the S&P 500 index. Investors use pivot points to identify potential levels of support and resistance for the ETF’s price movements.
Pivot points are calculated based on the previous day’s high, low, and closing prices. They can help investors determine optimal entry and exit points for trading the ETF. By analyzing pivot points, investors can make informed decisions about when to buy or sell shares of the SPDR S&P 500 ETF Trust.
Overall, pivot points are a useful tool for investors looking to maximize their returns and minimize their risks when trading the SPDR S&P 500 ETF Trust.