$SPY February 5, 2025

SPY February 5, 2025

15 Minutes.

Moving averages have converged.
Need to hold 598 today.

For the fall 609*.18 to 595.5 SPR has retraced 61.8% to 602 levels yesterday.

Hence a pull back.
SPY forming HH Hl pattern.
Long bars have sorted out.
Above 602.5 we have a target 604-605 levels.

If 597 is broken 595 will be support as of now which is 61.8% retracement for the last rise from 590.5 to 602.31.