Potential SPY Price Target of 321.50

Diupdate
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.
Catatan
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.

cuplikan
hiddendivergenceHMAMoving AveragesopeningrangeopeningrangebreakoutOscillatorsrsicandlesSPDR S&P 500 ETF (SPY) Support and Resistance

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