$SPY February 4 2025

SPY February 4 2025

15 Minutes
Yesterday Gap down was not held.
590 was protected.
The number to watch at the moment is 586 on downside.

For the fall 609.72 to 590.5 602 is 61.8% retracement.

Since SPY below all moving average 602 will provide a good level to short today.

If we take the last rise 590.5 to 600.29 594-595 will be good level to go long for 600-602 level as target SL 592.