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RiderTrader
Apr 18, 2024 3:21 AM

$SPY April 18, 2024 

SPDR S&P 500 ETF TRUSTArca

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AMEX:SPY April 18, 2024

15 Minutes.

Closed shorts yesterday at 500 in SPY.

We have 494 as a daily 100 average and 21 in weekly.
At the moment I do not expect a trend change to long.

I expect any upside to be resisted around 506 levels being 50 average in 15 minutes.

If we consider the fall from 517.28 to 499.12 we have 61.8% retracement around 510 levels. It is also 200 averages in 15 minutes.
The three LL in 15 minutes had created an oscillator divergence.

Hence if we have a gap up or a relief rally towards 506 levels I will short.

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