$SPY January 5, 2025

SPY January 5, 2025

My first post for the year 2025.

60 Minutes.

Downtrend intact.

For the fall 602.47 to 580.50 50% retracement done as there a divergence for the 2 lows 580.91 and 580.50.

So, for the rise 580.0 to 592.6 on Monday holding 587.5-589 levels we can expect 595 as initial target.

for the steep fall from 607 to 580 i would like some more consolidation.

Technically buy will be triggered only above 610 on closing basis in daily.

No trade for me on Monday. Not a good setup.