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$SPY Optimistics view Taregting 318 by Mid of Sep 2020

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One of the optimistic bullish pattern under condition that SPY hold above 218.23 (recent bottom) . current at 246 its possible to pullback to 228 (~ 10%) to close the gap completely or partially . 272 target is too close around 10% up.. Volume of coming days will confirm or reject this scenario. Majority believes its will drop for lower low then continuous deep falling (assuming recession) . its good to keep in mind all scenarios . Actually that whats happen at end of 2018 . 99% expected lower lows and deep falling but market bounced in V shape and last for 6 months before June correction!! ok this time is different but lets see.. Indicators oversold and showing good signs but still not confirmed..

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