SPY
January 11, 2024 15 Minutes.
The uptrend is intact as expected.
Considering the last rise from 472.93 to 477.44 holding 474 levels 477 can be expected as a target.
Moving averages are falling in place9,21,50,100 and 200 in order.
SPY
closed above all moving averages. 422 will be a good support being 200 average numbers in a 15-minute time frame.
Once 477 is taken out 480 is very probable.
477-478 I expect some resistance as oscillator divergence can be seen now at 477 levels when compared to 474.75 levels.