$SPY February 24, 2025
SPY February 24, 202515 Minutes.
The move from 610.70 to 599.47 is extended.
Hence a retracement is possible.
I expect a retracement to 602-603 levels.
On weekly have a bad close.
High was made and close was near low.
On daily $\spy near 50-day average.
I expect a bounce to 603 -604 levels this week for a target 594 being 100 moving averages.
Not a week to go long.
As expected, 613-614 provided resistance and
SPY pulled back as extension targe was achieved.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.