$SPY August 25, 2024
SPY August 25, 202415 Minutes.
From August 20, 2024,
SPY has sorted out the divergence issues.It was in the range 556 to 563 and moving averages are consolidated.
For the week i have target 565, and if crossed 570.
In 5 minutes if you consider 554.98 as current low=, if an extension is drawn from 554.98 to 563.1 to 557.29, we gat 570 as 1.68 extension for this move.
I took that number as there was a divergence in oscillator for the lows 555.25 and 554.98.
On Monday holding 560 levels I have a target 564 565.
Daily is strong so uptrend is confirmed for me provided 493 is held.
Disclaimer
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.