$SPY January 23, 2025

SPY January 23, 2025

15 Minutes

The consecutive gap ups cannot sustain.
A pull back is required around 598-602 levels over the next 3 trading days for the moving average to converge.

I will have a contra setup to short 607-607 levels for 602 levels for the moment.

Usually in 15 minutes chart a difference over 15$ between 200 and 9.21 average results in sideways or a pull back.