$SPY August 2, 2024

SPY August 2, 2024

15 Minutes

SPY was not able to hold 554 555 levels.

So, it gave a chance to said earlier it closed below 21 moving averages.

For the day taking the fall 554.86 to 539.43 then 546-548 will be a good level to short.

So, holding 541 -542 today I will try for a sell on rise.

On other side if close below 539 as said earlier I will aim first for 536 levels which is at the moment 200 average in 180-minute timeframe.