SPY
April 19 2024 Strength is only above 515+- at the moment.
Today 497 should break and probably
SPY
will touch 4892no 94 levels being 100 average in the daily. In 15 minutes we have 100 averages at 504 and 200 averages at 50 levels.
Both will be resisted at least once.
For the day I will go short around 502 levels on a gap up or below 497 on a gap down.
Provided the opening is around those levels and close of the bar near the low so can have the high of the bar a SL.
Bias. Downside towards 492 levels.
At the moment holding 492 +- 2 level is very important.