RiderTrader

$SPY June 24,2024

Short
BATS:SPY   SPDR S&P 500 ETF TRUST
SPY June 24,2024

On Friday SPY tool support at 543 levels as per setup.

If this is broken today, we will have a target 538 levels.

538 is 50 averages in 60 minutes.

For the rise 532.04 to 550.12 538 is also 61.8% retracement.

For the fall 550.0 to 543.02 61.8% retracement is 547 level which is a good level to short.

How ever f SPY breaks 542.8 levels we can short for 5$ trade.
So, 546.5 to 547.5 is a good level to watch and short as per candle closure.

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