Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Sofi Select 500 Etf (NYSE: SFY) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for SFY change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if SFY is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for SFY too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for SFY

• Buy SFY near 107.4 target 111.3 stop loss @ 107.09
• Short SFY slightly under 111.3, target 107.4, stop loss @ 111.62

Swing Trading Plans for SFY

• Buy SFY slightly over 111.3, target n/a, Stop Loss @ 110.98
• Short SFY slightly near 111.3, target 110.76, Stop Loss @ 111.62.

Day Trading Plans for SFY

• Buy SFY slightly over 111.3, target 111.57, Stop Loss @ 111.04
• Short SFY slightly near 111.3, target 110.8, Stop Loss @ 111.56.

SFY Technical Summary | Raw Data for the Trading Plans