Upside Targets for SPX Running Out of Gas

After puking the day before the S&P 500 ripped higher on Friday on better than expected economic data.  The volatility has been wild for sure and the question is where can price go if we see some follow through on Monday
Upside SPX Target
What is great about taking out a major support level is it makes for a nice clean resistance target.  As you can see in the chart below the prior support area of 2580-2560 is our clear upside target now.
Price will either rally to this point (assuming we move higher), test and bounce off of it before going lower

About the author: TIMM Trader

Uniting Experts & Novices for Mutual Profit!