$SPY December 10, 2024
SPY December 10, 202415 Minutes.
605 as expected was done.
Downtrend confirmed as long
SPY is below 607 levels.607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08
This 606-607 is a level to short.
For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels.
Soif 604 is broken today 599-600 is my target for today.
In daytime frame
SPY took support at 9 averages. 21 average is 598 levels.
For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes.
We have an oscillator divergence at close.
price made LL but oscillator did not support.
So, i expect a pull back at open.
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