- SPY Breaks the resistance line as discussed in the second chart.
- If price sustains above the breakout level next target is 130.40 level
- SPY Hits the resistance line.
- Price momentum is with the bulls so a breakout is likely to happen.
- SPY Four hour chart with resistance line.
- Price may reach 129.50 level.
- Further up move will be possible only if price sustains above the resistance line shown in the chart.
- SPX ASCENDING TRIANGLE