$SPY September 12, 2024

il y a 7 joursSPY September 12, 2024

15 Minutes.
SPY managed to hold recent low of 539.44 by making a low 539.95 and reversing.
So again it touched top of channel as seen and bounced back.

Even the close of 539.95 bar was good being at top of bar, we have oscillator making LL for the two lows 543.4 and 539.95.

Hence i expect a retracement first.

Considering the rise 539.95 to 553.36 if SPY holds 548+ levels uptrend continues.

So as long as 545 is not broken we can expect one more move towards 560-563.

I will not short as ass values above moving averages.
Yesterday covered short at 540.5.

My stochastic indicator has turned from red to green bar as seen. Hence any retracement is a buy for me until any change.