SPY
April 4, 2024 15 Minutes.
As expected
SPY
retraced to 61.8% levels and gave opportunity to short around 520 levels. In one hour we have LH formation.
So considering the rise from 505 to 524 I expect a retrace to 515 levels which is also 61.8% retracement for the rise. It is also 200 averages for 60 minute time frame.
I expect a trending day today onc sided based on open 15 minutes.
Hope there are no large gaps at open.
Will close shorts at 522.9 levels.