SPY
October 25, 2023 15 Minutes
Ax expected
SPY
was resisted around 424 levels and made a low around 420 levels. I had a trade yesterday.
Shorted at 423.5 levels for 421.
Yesterday
SPY
resisted around 100 averages. For the fall 431.8 to 417.81, we have a 61.8% retracement around 426.5 levels.
So now I have a target of 426.5 to 428 around 200 averages.
SPY
forming HL, HH pattern. So holding 421.6 - 422 levels uptrend is intact in 15 minutes. These numbers are only valid for a time frame of 15 or less.