SPY
April 3, 2024 Gap down. No trade for me.
15 Minutes.
Downtrend. Need to cross 523 to resume the trend at the moment.
60 Minutes.
As expected
SPY
is trying to get the moving averages in position. It took 21 EMA support yesterday.
And in 60 minutes it was 100 average support.
The last time
SPY
took support at 200 averages in 60 minutes was on January 17, 2024, at 470 levels. For the day 520 should be a good level to short.
200 average in 60 minutes is sloping upwards around 514-515 levels.
So that should offer good support this week.
Long only above 525 levels.