$SPY August 1 ,2024AMEX:SPY August 1 ,2024
15 Minutes.
547 consolidations broke with a big gap up.
And AMEX:SPY managed to hold the gap during the day.
If we consider the rise from538.51 to 551.5 then holding 544 uptrend continues.
However, since it will close gap, I need 548 to hold being 38.2% retracement of the rise.
Once 554-555 is crossed i expect once more AMEX:SPY 565 levels.
But first the moving averages need to sort out in 15 minutes.
And oscillator divergence too.