$SPY May 29, 2024AMEX:SPY May 29, 2024
15 Minutes
The steep fall from 533.07 to 524.73 is getting sorted out. Sideways consolidation.
For the risefrom 524.73 to 530.5 AMEX:SPY has retraced nearly 61.8%.
Consider the last rise from 527.11 to 529.8 holding 528 levels i have a target 530 - 532 levels and on downside if 527 is broken possible target is 524-525 levels.
So being 2$ on both sides i prefer to sit out today also.