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SPDR S&P 500 ETF TRUST

$SPY December 2, 2024

By RiderTrader
SPY December 2, 2024

15 Minutes.

SPY is tired. 603 targets achieved. But no strength.

The move from low 595.20 to 603.35 is not smooth.

Soe the last rise fro, 587.43 to 603.35 $ SPY need to hold 598 levels being 38.2% retracement.

For the last rise 597.28 to603.35 599 must hold.

I expect SPY to be 598.5 to 603 levels today and tomorrow so the moving averages can up as 200 moving average is around 596 levels.

Holding 598-599 my first target is 605 levels.

Elliott WaveFibonacciMoving Averages
RiderTrader
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