SPY
9 February 2024
15 Minutes.
As expected 496 levels were held. Did not break that number.
A full day of sideways consolidation.
I think today is the day for 502-504 levels provided 496.5 is held being a 38.2% retracement for the last rise.
Holding the longs to exit around 504 levels +- 1$.
The black bar on the stochastics is still on top, the Elliott Oscillator is negligible indicating a big one-sided move and CCI is green.
Sit back and watch day for a possible history of 500 in SPY.
15 Minutes.
As expected 496 levels were held. Did not break that number.
A full day of sideways consolidation.
I think today is the day for 502-504 levels provided 496.5 is held being a 38.2% retracement for the last rise.
Holding the longs to exit around 504 levels +- 1$.
The black bar on the stochastics is still on top, the Elliott Oscillator is negligible indicating a big one-sided move and CCI is green.
Sit back and watch day for a possible history of 500 in SPY.