SPY
September 29,2023 15 Minutes.
A fox being forced by hunger, tried to reach some grapes hanging high on the vine but not able to get hold of the grapes.
So went away by making a complaint that the grapes are sour.
Story of traders.
Monday I was sure Thursday/Friday can make some $$.
The theory is it's easy to go long than short.
After 3 days fall yesterday was plum.
Open red. Turned green. So, in 15 minutes buy triggered at 31st minute around 426.5 levels for 428-430 levels as expected.
We had a low in place around 424.8 levels, target 428-430, Closed above 9, 21, 50 averages, Elliott oscillator was green, CCI Green, Stochastics 80+ nearly forming a black bar on top. The mind was so much focussed on left side it completely missed what was happening currently.
Post analysis is always great.
It's what you do during the day matters.
Anyways for the day i will consider the rise 422.29 to 430.24.
So as long as 427.3 is held we can expect 432 levels which is 200 averages approximately.