SPY
May 27, 2024 15 Minutes
For the day my range is fixed between 532 - 524.
All moving averages have converged in 15 minutes.
For the sharp fall from 533.07 to 524.73
SPY
resisted around 618% retracement being 530 levels. If a consider the rise 524.73 to 530.27, holding 526.5 today i have a target 530 - 532.
If
SPY
closed below 526.5 in 15 minutes bar with close near low of bar i expect 523- 524 to be resisted first. No trade day for me today.