$SPY January 8, 2025

SPY January 8, 2025

15 Minutes.

592 was broken.

For the rise 580.5 to 599.7 SPY has retraced 61.8%.

For the fall 597.75 to 586.78 592 to 594 will be level to short SL 596
Since SPY below all moving averages the short at 592 - 594 will give a target around 584-585 levels in 15 minutes.

For the day long only above 596.