SPY is going to 580

٨ أكتوبر ٢٠٢٤

SPY broke above the flag on the 4H and the next resistance is the 580 defined by the trendline.

There is also a lot of call flow for 580 expiring this October 25th so that will be a
Unless Bears can smash it below 572, the trade idea still stands

The 580 will also take it over the monthly bollinger bands and setup the market for a nice reversal