SPDR S&P 1500 Momentum Tilt ETF Price & Performance (MMTM)

Technical analysis suggests potential for both long and short trades on MMTM. A buy signal emerges near $261.64 with a target of $271.67, while a short signal arises near $271.67 targeting $261.64. These insights cater to day, swing, and long-term trading, emphasizing the importance of resistance and support levels.1

MMTM traders are advised to monitor resistance at $271.67 and support at $261.64. A break above resistance suggests a buy opportunity targeting $272.08, while testing resistance signals a short trade. Stop losses are crucial, with levels set at $260.88 for long trades and $272.45 for short positions.1

Traders focusing on MMTM's day trading opportunities should consider buying above $271.69 with a target of $272.08 or shorting near $271.69 targeting $261.64. Stop losses at $271.06 and $272.32 respectively are recommended to manage risks effectively in these volatile scenarios.1