$SPY June 24,2024AMEX:SPY June 24,2024
On Friday AMEX:SPY tool support at 543 levels as per setup.
If this is broken today, we will have a target 538 levels.
538 is 50 averages in 60 minutes.
For the rise 532.04 to 550.12 538 is also 61.8% retracement.
For the fall 550.0 to 543.02 61.8% retracement is 547 level which is a good level to short.
How ever f AMEX:SPY breaks 542.8 levels we can short for 5$ trade.
So, 546.5 to 547.5 is a good level to watch and short as per candle closure.