Potential SPY Price Target of 321.50
Updated
If SPY Sustains an Opening Range Breakout, Price Target is $321.50.
Look for resistance at 321.23 which is the overnight high (pink line).
The overnight selloff helped to reset the RSI Candles which are showing hidden divergence, a bullish continuation pattern.
Look for resistance at 321.23 which is the overnight high (pink line).
The overnight selloff helped to reset the RSI Candles which are showing hidden divergence, a bullish continuation pattern.
Note
Price rose to 321.44, missing the target price of 321.50 by 6 cents. Not only did the overnight high act as strong resistance, it was right in the middle of the 1.5x and 2.0x operning range extensions (gold and yellow lines respectively.
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