$SPY February 14, 2025

SPY February 14, 2025

15 Minutes.

As expected, once box was broken yesterday SPY continued to make upward movement.

For the rise 598.52 to 607.49 to 605 61.8% extension was nearly done. Once 611 is crossed we can expect some resistance around 612-614 levels.

611-612 will be a good number to short as 4SPY in 15 minutes is getting away from 200 and 100 moving averages.

If uptrend continue today, then near close short around 612 +-1 will be good for Monday SL 614.5.

At the moment there is slight oscillator divergence in 15 minutes so need some more uptrend to short.

So, for the day for the last rise from 605 to 609.94 holding 606-607 is important for 610-612 as target.
Below 606 at the moment target is 603-604 levels.