$SPY August 25, 2024AMEX:SPY August 25, 2024
15 Minutes.
From August 20, 2024, AMEX:SPY has sorted out the divergence issues.
It was in the range 556 to 563 and moving averages are consolidated.
For the week i have target 565, and if crossed 570.
In 5 minutes if you consider 554.98 as current low=, if an extension is drawn from 554.98 to 563.1 to 557.29, we gat 570 as 1.68 extension for this move.
I took that number as there was a divergence in oscillator for the lows 555.25 and 554.98.
On Monday holding 560 levels I have a target 564 565.
Daily is strong so uptrend is confirmed for me provided 493 is held.