$SPY July 24, 2024
SPY July 24, 202415 Minutes.
SPY made a high 556.74. So, close the longs at 556 as it was a fib target.For the rise 547.9 to 556.74
SPY retraced to 553 levels which is 38.2% retracement.And for the last fall from 556.74 to 553.27 61.8% is 555.5.
So, I will buy above 557 and sell below 549 only.
We are having 557 as 200 averages resistance.
For the day I expect %SPY to be between 552 to 556-557.
No trade day for me.
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