$SPY January 23, 2025
SPY January 23, 202515 Minutes
The consecutive gap ups cannot sustain.
A pull back is required around 598-602 levels over the next 3 trading days for the moving average to converge.
I will have a contra setup to short 607-607 levels for 602 levels for the moment.
Usually in 15 minutes chart a difference over 15$ between 200 and 9.21 average results in sideways or a pull back.
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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.