$SPY July 30, 2024
SPY July 30, 202415 Minutes.
SPY was in the range 524 to 547 as expected.The steep fall from 565 to 537 resulted in moving averages being far away.
That is getting sorted out and now downtrend until 200 averages is crossed on upside in 15 minutes.
I expect a resistance around 547 to 548 levels being previous few bars' highs and 200 average levels. And if it gives above 548.5 549 to 549.3 will give resistance being 61.8% retracement for the big fall from 566 levels.
Tomorrow, Wednesday could be a day to find a trade.
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