$SPY August 30, 2024

Aug 30

SPY August 30, 2024

15 Minutes.

Shorted yesterday at 560 levels.

Today for the fall 563.68 to 557.18 561 is 61.8% retracement for the fall.
Since SPY below all moving averages i will hold the short.

As written for the rise 518.05 to 563.91 I am expecting a 23.6% retracement. We have an oscillator divergence. So only above 564 I will be closing at loss. 4$ loss for 7 % gain. Good R:R at the moment.

Let's see.