$SPY November 13, 2024

SPY November 13, 2024

15 Minutes.

Nothing much to do. Waiting for retracement to 592 levels.
LH LL at place.

Flat price movement on top.
Converging moving averages.
200 averages around 589 levels.

So, I will wait. For the retracement to happen.

I will be tempted to sell 595 for 592 intraday. Provided no gap down at open.

I usually do not go long however strong the chart looks if 200 averages in 15 minutes have large gap to other averages. I will wait.