SPY
March 1, 2024 15 Minutes
SPY
manages to hold 505 one more day. 505.17 was not broken and made an HL at 505.35. The final push to 510 came at the last minute. But heavy selling pushed it back to 507 levels.
For the consider the rise 505.35 to 509.74.
Holding 507 uptrend continues.
Today if 508.4 is broken I expect a push to 510-513 levels.
Similarly, if 506.5 is broken I have downside targets 504.2 being 200 averages and 9 MA in daily.
Comment:
Channel breakout restest has done.
Comment:
For the rise of 507.17 to 511.38 holding 509.2 is important for this move to continue.