SPY
December 15, 2023 60 Minutes.
The mind of many refuses to accept the bull in place.
Very rare to see a parabolic move in $SPY.
I have considered the following Fibs
The rise 454.13 to 473.73
The rise 464.12 to 473.73
The fall 473.73 to 469.26
For the first rise as long as 461 is held we are in an uptrend towards ATH.
For the second rise
SPY
retraced to 469 levels and closed above all moving averages. So holding 468-5 to 469 levels this parabolic rise continues. For the fall 473.73 to 469.26 473.8 is important to cross as the high bar at the moment has closed near the low of the bar the reracement happened to 38.2% of the last rise.
For the day buy above 473.4 and sell below 469.2 in shorter time frames.