$SPY April 3, 2024AMEX:SPY April 3, 2024
Gap down. No trade for me.
15 Minutes.
Downtrend. Need to cross 523 to resume the trend at the moment.
60 Minutes.
As expected AMEX:SPY is trying to get the moving averages in position.
It took 21 EMA support yesterday.
And in 60 minutes it was 100 average support.
The last time AMEX:SPY took support at 200 averages in 60 minutes was on January 17, 2024, at 470 levels.
For the day 520 should be a good level to short.
200 average in 60 minutes is sloping upwards around 514-515 levels.
So that should offer good support this week.
Long only above 525 levels.