SPY
December20, 2023
15 Minutes.
Price action in play. keeping SL 471.5 levels we continue the long.
100 averages have started to flat out near 472 in the last 2 hours of trading.
Taking the rise from 471.95 to 474.92 uptrend is strong as long as 473 is held, which also happens to be a 50 moving average.
In the 15-minute frame SPY weak below 471.8 levels.
Once again SPY made a high with divergence in the Elliot oscillator and a weak CCI.
The expected pullback is not happening so we ride following the trend.
SPY has strong support around 468 levels being 200 on average.
15 Minutes.
Price action in play. keeping SL 471.5 levels we continue the long.
100 averages have started to flat out near 472 in the last 2 hours of trading.
Taking the rise from 471.95 to 474.92 uptrend is strong as long as 473 is held, which also happens to be a 50 moving average.
In the 15-minute frame SPY weak below 471.8 levels.
Once again SPY made a high with divergence in the Elliot oscillator and a weak CCI.
The expected pullback is not happening so we ride following the trend.
SPY has strong support around 468 levels being 200 on average.