SPY
May 17, 2024 15 Minutes.
SPY
managed to trade between 521*532 and 527-528 yesterday. The current uptrend is stalled and getting ready for the next up move towards 534-535 provide it holds 525 levels.
For the day holding 527.5 uptrend is intact.
At the moment
SPY
below 9,21 and 50 moving averages in 15 minutes. Hence possible target is 526.5 to 527 as 100 averages is rising upwards.
In 60 Minutes, chart we are having 527 levels as 21 averages.
So, for the day I will buy above 530.9 for 531.5+ trailing previous bar once crossed. And sell below 526.5 for 522.5 - 523 levels.