$SPY August 25, 2024

8월 25일

SPY August 25, 2024

15 Minutes.

From August 20, 2024, SPY has sorted out the divergence issues.
It was in the range 556 to 563 and moving averages are consolidated.
For the week i have target 565, and if crossed 570.

In 5 minutes if you consider 554.98 as current low=, if an extension is drawn from 554.98 to 563.1 to 557.29, we gat 570 as 1.68 extension for this move.
I took that number as there was a divergence in oscillator for the lows 555.25 and 554.98.

On Monday holding 560 levels I have a target 564 565.

Daily is strong so uptrend is confirmed for me provided 493 is held.