$SPY July 3 ,2024

Jul 3

SPY July 3 ,2024

15 Minutes.

For the fall 550.28 to 542.53 SPY has retrcaed more than 61.8%.

Now for the rise 543.65 to 548.98 holding 546 is important.

We already have 550 levels rejectedtwice in last few days.
Henc lomng only above 551 with proper close of bar.

For the day i will go long at 547 for 550 SL 545.5.
We have 50 averages above 200. i expect 546 to provide good support.