SPY
December 12, 2023. 15 Minutes.
SPY
played the 3-rise method very well. The low around 457 was held and 460 + was done.
Yesterday opened the gap and closed it near the height of the bar.
Since the bar was big bar of nearly $1.5 a retracement around was an apt entry point for 60 SL being 457.1.
We had stochastics black bar on top, Elliott oscillator green CCI geen indicating not to short $SPY.
now we have a sell bat 60 minutes time frame as close was low of bar and high of the day too was made by the bar.
I expect a retracement to 458 levels on Monday. That should give an entry point to go long for 460 + trade.