SPY
March 19, 2024 15 Minutes
The gaps always create issues in our setups.
SPY
opened with a gap and consolidated all moving averages except 50 moving averages in 15-minute time frame. For the rise from 509.22 to 514.47 olding 510.5-511.5 levels
SPY
will be bullish. It is crucial for
SPY
to hold the top of the channel on a retrace. 510 is also 61.8% retracement for the rise from 504.91 to 518.22.
At the moment I will close my shorts (entered around 514.5 levels) around 511 with SL 515.6.