$SPY October 13, 2024

SPY October 13, 2024

15 Minutes.

As projected SPY made a high 579-580 levels.

Now the next target is 587 levels.
But we have oscillator divergence now.
And in daily SPY far way by nearly 8 to 10 with respect to 9- and 21-day averages.

So, for the rise 566.63 to 580.33 SPY need to hold 576-577 levels for uptrend to continue.

For the rise 574.49 to 580.33 we need retracement up to 576 levels which is also 100 averages in 15 minutes.

So, I will buy only on a pull back to 576 levels.
As of now sell is only below 571 levels.