$SPY December 11, 2024
SPY December 11, 202415 Minutes.
Short still on.
For the last fall 606.44 to 602.14 61.8% retracement is 604-605 levels.
I expect resistance on retracement around those levels.
Since price below 200 averages downtrend intact in 15 minutes time frame.
On downside 599- 600 is a good level to cover short.
It is also 100 averages in 60 minutes time frame
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