$SPY July 24, 2024

SPY July 24, 2024

15 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.