Stronger technical forecast for SPDR S&P 500 ETF price after Thursday trading

The SPDR S&P 500 ETF price gained 0.397% on the last trading day (Thursday, 12th Jun 2025), rising from $601.36 to $603.75. During the last trading day the ETF fluctuated 0.706% from a day low at $599.52 to a day high of $603.75. The price has risen in 6 of the last 10 days and is up by 2.32% over the past 2 weeks. Volume fell on the last day by -10 million shares and in total, 64 million shares were bought and sold for approximately $38.37 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $597.52, a level that may pose a second chance to hit a runner. According to fan-theory $658.31 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

The SPDR S&P 500 ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $599.43 and $580.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 21, 2025, and so far it has risen 17.45%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the ETF finds support just below today's level from accumulated volume at $548.62 and $505.28.There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, SPDR S&P 500 finds support just below today's level at $548.62. If this is broken, then the next support from accumulated volume will be at $505.28 and $504.38.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this ETF. During the last day, the ETF moved $4.23 between high and low, or 0.706%. For the last week the ETF has had daily average volatility of 0.724%.

SPDR S&P 500 holds several positive signals and has broken the strong rising trend up. As the ETF is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.