TDST levels, Fibonacci points, and converging trend lines suggest we will move up again tomorrow and soon retest the highs. The first target is 109.20 and then its a rally on to 1112.70ish. I see a blow-out and a lasting high we will not see again for a lil' while. I will salt it short with a stop loss at 1113. Downside target is 888ish. Its ugly but that's what my charts and voodoo magic tell me. I wish they said something else.
Above we can see that 109.20 is strong resistance on the SPY. The volume comes poring in here at exact TDST resistance on the 15,30 60 and daily. Look for a near term test and fail of this level.
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