$SPY February 14, 2025
SPY February 14, 202515 Minutes.
As expected, once box was broken yesterday
SPY continued to make upward movement.For the rise 598.52 to 607.49 to 605 61.8% extension was nearly done. Once 611 is crossed we can expect some resistance around 612-614 levels.
611-612 will be a good number to short as 4SPY in 15 minutes is getting away from 200 and 100 moving averages.
If uptrend continue today, then near close short around 612 +-1 will be good for Monday SL 614.5.
At the moment there is slight oscillator divergence in 15 minutes so need some more uptrend to short.
So, for the day for the last rise from 605 to 609.94 holding 606-607 is important for 610-612 as target.
Below 606 at the moment target is 603-604 levels.
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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.