SPY Analysis
3 Rising Valleys + Triangle Breakout + Upside Tasuki Gap
SPY is showing exhaustion after breaking the Symmetrical Triangle and I am expecting a pullback to the Gap Fill level 286.25 (Expected when you see an Upside Tasuki Gap) before continuing to my initial price target of 302.46 and then continuing to 314.31.
Price Action can change in the next few days and we may not see the pullback to 286.25. (Will keep a close eye on the chart for new setups)
SPY is showing exhaustion after breaking the Symmetrical Triangle and I am expecting a pullback to the Gap Fill level 286.25 (Expected when you see an Upside Tasuki Gap) before continuing to my initial price target of 302.46 and then continuing to 314.31.
Price Action can change in the next few days and we may not see the pullback to 286.25. (Will keep a close eye on the chart for new setups)
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