$SPY September 9, 2024

SPY September 9, 2024

15 Minutes.

AS expected, SPY being under all moving averages in 15 minutes kept on making lows for 2 days.

Now if we consider the fall 551.58 to 539.44 then 544-546 is a good level to short.

I will but only above 565 at the moment.


If we take the rise from 510 to 564 SPY has retraced 50% of the move. Now holding 530 is important as it is the 61.8% retracement for the move.

536 looks a good target now as it is also 100 averages in daily time frame.

The oscillator in 15 minutes is making lower low along with price.

200 averages in 15 minutes are around 553 levels.
So, at the moment downtrend in 15 minutes.