SPY
February 23, 2024 15 Minutes.
The gap at open gave us a chance to go long above 503 levels as expected.
I closed the trade at 507.
Today taking the rise 493.56 to 508.49 holding 505 more upside possible.500-501 becomes crucial now as moving averages of 50,100,200 are in that area.
As of now for me holding 490 low target 540+ in daily is still going on.
In 15 minutes we are supported by indicators Elliott oscillator green, stochastics black bar on top, CCI green.
And we have one more Wednesday/Thursday move in the SPY.
Gaps when not filled indicate a strong uptrend.
I will buy around 503-504 levels on a retrace.