$SPY September 21, 2024

SPY September 21, 2024

Daily.

I still have target 580 levels. Then a big move after consolidation.

60 Minutes

Uptrend Confirmed.
For the rise 539.95 to 572.88 holding 560-565 is crucial for further targte 580 initially.

556-558 should provide good support as it is 100 and 200 averages in 60 minutes time frame.

Now we have oscillator divergence.
SO SPY should consolidate between 560 570 levels for 2 or 3 days.

15 Minutes.

For the rise 560.84 to 572.88 SPY has retraced 61.8%. Hence a temporary double top around 570 levels can be expected.
We have 2 HL supported by oscillator.

At the moment 565-566 should give a good entry point. In 15 minutes weak below 563 levels as 200 averages could be broken.