$SPY January 7, 2025

SPY January 7, 2025

15 Minutes.

Yester opened gap up. But was not strong and started to reverse.
So today holding 594-595 is important.

It represents 23% retracement for the rise 580 to 599.
Today buy will be above 598.5 and the moment I see 592 strong supports being 200 averages in 15 minutes.

If you can go down to 5 minutes, we opened above 200 and retraced back to 200 support and was up above 200 averages in 5 minutes the whole day.