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Finally, A SPY Point & Figure Breakout


After multiple attempts to break out of its sideways pattern, the SPDR S&P 500 (SPY) finally succeeded yesterday, hurdling 189.00/50, and printing a new high at 189.75.

The SPY has continued higher to a print of 190.25 so far this morning, but the confirmed upside breakout points to a minimum upside target of 193.00, and an outlier upside target of 197.50 to satisfy the upside objectives off of the large sideways "accumulation" zone.

While a print of 189.50 triggers a down column of Red O's, only a nosedive and print of 187.00 will wreck and reverse the current bull P&F signals.

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