Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
$SPY November 5, 2024
SPDR S&P 500 ETF TRUST
Short
$SPY November 5, 2024
By RiderTrader
Follow
Follow
2 days ago
8
17
17
2 days ago
SPY
November 5, 2024
15 Minutes.
For the extension from 539 to 575 to 565
SPY
made 61.8% of the move at 586 levels.
For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels.
Now we have a sideways in box range between 575 to 567.
Bias id down as
SPY
below all moving averages.
The positive side we have is for the lows 568.44 and 567.86 in 15 minutes we have oscillator divergence.
Therefore, if I take the rise 539.95 to 586.12, I expect first target to be 563 being 50% of retracement for the move.
Bias is towards short side.
Fibonacci
Moving Averages
Oscillators
RiderTrader
Follow
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.