On the weekly chart SPY has been consolidating for the past 7 weeks.
SPY marginally pushed up last week clearing the last 3 weeks consolidation zone.
Highest close of past 7 weeks is 319.34.
When SPY closes above 319.34 it can well challenge the ATH.
If above scenario unfolds then the 344.40 target comes into play.
SPY marginally pushed up last week clearing the last 3 weeks consolidation zone.
Highest close of past 7 weeks is 319.34.
When SPY closes above 319.34 it can well challenge the ATH.
If above scenario unfolds then the 344.40 target comes into play.