$SPY July 23, 2024

23 Jul

SPY July 23, 2024

15 Minutes.
The gap up helped SPY to achieve 554-555 easily.

At the moment gap not filled in 15 minutes. So, this move is good.

If we draw extension from 547.9 to 554.46 to 551.03. we have first target as 557 to 561 levels.

So, consider the last rise from 551.03 to 555.27 SPY need to hold 552 levels to continue the uptrend.

As written many times. Daily is still up. No change. To get trades I do 15 minutes.

For the fall 565.16 to 547.9 we have 61.8% retracement as 558 levels. So, this also supports 556 557 as initial target.

The oscillator divergence played out well during the fall.

At the moment i am long from 552 levels.