WHERE IS SQUARE HEADING ?

Determine the next target for XYZ is not an easy task.
But the least I can say about is SQ heavily depends on SPY direction. And with cases of Omicron spotted in muliples states, FED tapering, 30-Yr Treasury yields leaping,
things can get ugly for SPY if it crosses down 450 line.

As the context is set, Let us look at the daily chart:
- XYZ has already crossed a major support (190) before bouncing to 192
- RSI actually bottomed to 26 which is almost the lowest level after March 20 Krach (8)
- as per the 2 last dips, XYZ bounced by $15 in average, imo XYZ should go back to 200 which is also a big support/ resistance before plunging again if SPY goes down
- Also, tomorrow is Friday (12/3/2021) and today, SPY knew a big increase from 452 to 456, a pump which is likely to be ensued by a "friday selloff" conveyed with increasing cases of Omicron

In conclusion, 200-185 is a neutral zone. If we break 185, then XYZ will head to 170s, If things are going better, then XYZ will certainly heads to upper 200s levels