$SPY August 19, 2024
SPY August 19, 202415 Minutes.
Friday
SPY was struggling around 55 levels as expected.All moving averages are little far off for 15 minutes chart.
Hence, I expect sideways until this is sorted out.
Considering 2 rises
From 531.76 to 555.01
From 548.88 to 555.01
SPY in uptrend for the day holding 551 levels.And if breaks 551 levels i have 548-549 as target being 100 averages approximately.
540 is the important levels now to hold to continue this current uptrend as of now.
We have clearly oscillator divergence and hence i expect a pull back.
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