$SPY August 27, 2024
SPY August 27, 202415 Minutes.
Yesterday
SPY had a gap up 563.91 and could not sustain.So, for the day considering the last rise 554.98 to 563.91 holding 558 is important.
If that is broken 200 averages in 15 minutes is broken and
SPY in weak in this time frame.Once 558 is broken and close near low of bar we will take the last rise from 518.05 to 563.91.
This has 23.8% retracement at 553 levels.
So, we can expect some volatility in 15 minutes as long it is below 200 averages.
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