If SPY Sustains an Opening Range Breakout, Price Target is $321.50.
Look for resistance at 321.23 which is the overnight high (pink line).
The overnight selloff helped to reset the RSI Candles which are showing hidden divergence, a bullish continuation pattern.
Look for resistance at 321.23 which is the overnight high (pink line).
The overnight selloff helped to reset the RSI Candles which are showing hidden divergence, a bullish continuation pattern.
Note
Price rose to 321.44, missing the target price of 321.50 by 6 cents. Not only did the overnight high act as strong resistance, it was right in the middle of the 1.5x and 2.0x operning range extensions (gold and yellow lines respectively.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.