- SPY is trading above the resistance line in daily chart as shown in the first chart. Now if this is not a fake breakout the index should target 113.
- The second chart shows the fib retrace levels of the index in daily chart from 122 - 101 levels. Currently the index is trading near 50% retrace level. If SPY start trading above 50% levels the first target is the recent high at 113.
- ASCENDING TRIANGLE OF S&P 500
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