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I have SPY at support. You can draw an upwards trendline connecting the two lows for today. If SPY stays above this (~106.4) then I expect SPY to continue rallying. I like you upside range estimate of 1075.
(1059.50-1127.50)/11 + 1059.50 =1053.32
This is it for a while for the bullish case. next stop 960.
Carl,I'm curious why you see additional, albeit limited, weakness, when your lower end target was only breached by a point. Thanks,Isaac Richter
Good timing raven...
in at 1058.25 and out 1058.5 es?es closed at 1067...where's your conviction on es 1055-1075 range for the day?
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