$SPY November 9, 2024

9 Nov

SPY November 9, 2024

60 Minutes.

Run-away gap in action.
Hence very strong uptrend.
Got weakened on Friday.

As we can see we had 2 lows. 568.44 and 567.89.
Oscillator divergence.
Hence if we draw extension now, we have first target 607 levels.

The consolidation I need is not happening.
Moving averages setting up nicely. In order.
9,21,50,100 and200 in that order.

It will be a good opportunity to buy around 588-592 levels. for the next uptrend.

As we can see in 60 minutes 580 is very strong support.

15 Minutes.

For the last rise 593.92 to 599.64 holding 596 is important.

If 596 is broken, we can probably see 592 as target.

I need a pull back for a buy.
Again, not a chart to short except for 3-4$ maximum. As of now.

in 15 minutes, big oscillator divergence.