$SPY January 29, 2025
SPY January 29, 202515 Minutes.
SPY was around 604 levels most of the time yesterday. This sideways helped the moving averages to rise.Also 604 was 61.8% retracement for the larger fall from 610 to 594 levels. Hence was resisted yesterday.
It was also 1.618 extension for the rise 594 to 599 to 596 level.
Today holding 602 levels i have a target 606-607 levels.
I will sell below 600 for 598.5 levels.
R: R on sell is not much favorable. So, i will not sell at the moment.
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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.