SPY February 27, 202560 Minutes.
The move to 598-599 and a retrace to 592-594 levels was completed yesterday.
Now for the fall 613.23 to 589.56 i expect a retracement around 598-600 levels being 38.2 and 50 percent retracement moves.
At the moment is trend is down.
Uptrend only above 608 levels.
601-604 levels should be a good level to short again.
In 60 minutes, we have 50,100,200 averages converging around 603-604 levels which is the next area of resistance.
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