$SPY February 11, 2025

SPY February 11, 2025

15 Minutes.

SPY faced resistance around 604-605 levels being 61.8% retracement number.

We have 3 values.

The rise from 600.05 to 605.5

The last rise from 603.21 to 605.5

And the fib extension 600.05 to 605.36 to 603.21

For the first rise important to hold 602 levels to continue uptrend.

For the second number being the latest rise must hold today 604 levels.

A close below 604 will be supported by 602 levels. So not a day to short.

If we take the extension move, we have targets between 606 to 608 today.

Once 608 is broken and held at least 15 minutes the target will be 611-612 levels.