$SPY December 23,2024

SPY December 23,2024

15 Minutes

The gap down at open managed to retrace 61.8% of the fall 605.67 to 580.91

For me trend is down as below all moving averages.

For the rise 580.91 to 595.75 it is important to hold 587-588 levels today.

Base is under formation after the big fall.

I have no trade today.