SPY
March 15, 2024 Minutes.
The open bar gave a clue. Gap up. Close near the low of the bar. So sell. With SL as high of bar + few cents.
The reason is my target was approximately 518-519 levels.
gain
S
to Y retraced to 61.8% of the retracement for the rise from 508.5 to 517.28. we have many long bars in the fall 517.28 to 511.83.
I prefer to skip today. and wait for the chart to settle.
Longs only above 518.5.
For the day since the LH LL pattern is being formed, I expect 510 as initial support being 200 averages in the hourly chart.
No trade day for me.