The SPX ripped up to highs today off support and is now flirting with its highs. If price breaks above its highs, believe it has room and a target up at the 88.6 pitchfan fib, that has acted as resistance previously.
From previous times when price broke through its 20 mva price can pullback to it the next day and rally higher.
Alt view, if price can not break thru its highs, then an ascending triangle could be forming in order to get the power to break thru highs.
From previous times when price broke through its 20 mva price can pullback to it the next day and rally higher.
Alt view, if price can not break thru its highs, then an ascending triangle could be forming in order to get the power to break thru highs.