Short term uptrend target reached on $SPX
We clocked 1,563.23 at EOD today, which falls in our target range for this uptrend, as we have previously defined. Also, RSI on the daily and hourly was above 70 at closing.
The market can certainly extend higher, or could reverse lower heading lower.
For us, this leg has almost completed (and we are waiting for a pull back).
What if your mid-term target of 1563 is exceeded, what would be the next target? If however 1563 holds as resistance, what is your downside support target for the mid-term?
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