SPY is on a Tear on the Final Trading Day of Q3

For the past two days, we have been discussing and analyzing the directional prospects for SPY heading into the end of the week, the month, and the quarter, and in each instance, we have concluded that as long as 249.50 contains any forthcoming weakness, SPY projects towards a target of 252.25/50 next.

The only question is how much upside territory the SPY can capture into today's quarter-end close? From a nearest term perspective, my intraday work points to 21.50/70 in the absence of some sort of last hour buy-panic (from the passive long-only funds) that conceivably could propel SPY into my optimal next medium term target zone of 252.25/50.

9 29 17 SPY Hr 1230 GIF
9 29 17 SPY Hr 1230 GIF

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