SPY
December 16, 2023 15 Minutes
The buy for the day did not trigger.
At the close
SPYY
is below 50 averages and net 9,21. The last bar broke the channel but had a long wick to close near the bottom of the bar. The 200 average is flattening out, hence once 467.5 levels are broken
SPY
may take support around 464 levels to catch up with 200 averages. I will go short below 468.3 for 464-464.5 levels, which is also 50 averages in 60 minute time frame.
Stochastics black bar is down, and hence sell on the rise, The Elliot oscillator is red, CCI red.
For the last rise
SPY
retraced 50% of the move. Longs are still above 473.8.