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$SPY September 10, 2024

September 10, 2024

15 Minutes.

As expected, 546-547 done. not to short as it broke, retraced back to top of channel and bounced back from 544.19.

So, for the fall 547.72 to 544.19 holding today 545 levels we can see uptrend probably to 550-552 levels being 200 averages.

539 levels formed a base as discussed couple days ago.

So, for the rise 539.44 to 546.39 to 542.69 we have 533-554 as 1.6 times extension.

For the rise 542.69 to 547.72 we have 544.6 as 61.8% retracement.

Hence this number 544-545 is important for today to hold for 550-554 levels.