SPY
April 13, 2024 15 Minutes.
SPY
took 50 average support in the daily. Now 505-510 levels become important to hold.
The uptrend is from 493 levels in 15 minutes.
Made a high of524 levels.
so 61.8% retracement for that move is around 505 levels.
If that level is not held next week I find it difficult to go long.
Any rise up to 516 levels I will sell as I have a target 505 levels SL 518.
The long is only above 524 levels as of now.
Downtrend now bias at the moment.