SPY - Still targeting higher prices

Currently forming a 4hr megaphone. A caveat to these patterns is you can gauge the strength or weakness depending on where support/resistance is found. Notice how price failed to tag the bottom of the megaphone before this runup. In my mind, this is a sign of strength and price likely consolidates before moving higher out of the megaphone. Looking for 510+ by Feb/March.
Harmonic PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)US SPX 500SPDR S&P 500 ETF (SPY) spy500stonkmarketTrend Analysisus500

免責聲明