Should Hit 117.5 By Tomorrow

Should Hit 117.5 By Tomorrow

I expect SPY to continue upwards to 117.5 today. The downside should be limited to support from trendline A (~116.2-116.3). If SPY breaks below trendline A then SPY could potentially fall all the way to support from trendline B which is a much stronger support level. But I don't see this happening.

I just realized today is a bank holiday in the US. In that case SPY should just trade above trendline A all day today but may not necessarily hit 117.5 until tomorrow.

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