SPY December 19, 2024

15 Minutes.

The breakdown below 598 was expected to be bad. But this was brutal.

Chart completely messed up.
Needs days to align again.

There was a 30$ difference in daily between 9- and 100-day averages. Hence, I was very hesitant in going longs.

No trade day today for me.



Any retracement up to 598 is a sell.
As can be seen all bars had close near bottom. Very rare to get chart like this.
FibonacciMoving Averages

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