SPY
November 22, 2023 15 Minutes.
As expected 452 levels gave good support.
Now we have 9,21,50 averages converged.
100 at 452 and 200 at 448.
As can be seen, the bottom of the channel has given support nearly 7 times.
Holding 452-452.5 levels I have a target 455.5-456 levels.
451 should give support being 100 averages.
Now the short below 451-450 is canceled as 200 is around 458.5-449 levels.