$SPY August 9, 2024

SPY August 9, 2024

15 Minutes
Opened gap up.
Second bar close was good. Near top of bar and going below low of first bar.
So bought around 524 for 528.5. trade over.

Now SPY above all averages except 200 in 15 minutes.

So, for the day considering the rise from 518.05 to 531.3, holding 523 524 levels i have a target 532.5 to 535.

If you draw extension from recent low 510.28 to 531.59 to 518.05, we get a target 540.

Buy we have 200 yet to cross. Hence aiming for 532.5 to 535 first.

For the day i will sell below 520.

As said earlier. Day is still in uptrend.
For me trend change in day only if 490-493 is broken.