$SPY December 19, 2023

SPY December 19, 2023
15 Minutes

There's not much to write.
Buy above 473.8 is still valid.
As of now, the price action is HH HL.

A move above 473 may try to cross 473.8.
On the other hand, if 470 is broken then 466-467 will be a target so 200 averages can catch up.

For the rise of 468.44 to 472.98 PY must hold today's 470 levels for the uptrend to continue.

If we consider the large move from 454.31 to 473.73 38.2% retracement is around 466 levels.
I expect that number to be a strong support.

Only if that number is breached i will short for 462 levels for a 4$ move provided R: R is good at the entry point.