$SPY Weekly Price Targets
Based off Price Action, the next 2 weeks will determine if we will see new ATH or fill previous Order Blocks (OB).
Currently, we are in an Uptrend with the continuation from Oct. 10th ~$360 Demand. We had a clean break through the OB created on the week of Aug. 22nd. Which lead us to fill the Apr. 4th OB.
We could potentially see a continuation to ATH or a pullback to the $437 FVG with a reversal towards ATH.
If we fail to break through the current OB or the previous ATH we could see a sell off leading to the closing of previous OB's on, Mar. 13th ~$386 & Oct. 10th ~360.
Currently, we are in an Uptrend with the continuation from Oct. 10th ~$360 Demand. We had a clean break through the OB created on the week of Aug. 22nd. Which lead us to fill the Apr. 4th OB.
We could potentially see a continuation to ATH or a pullback to the $437 FVG with a reversal towards ATH.
If we fail to break through the current OB or the previous ATH we could see a sell off leading to the closing of previous OB's on, Mar. 13th ~$386 & Oct. 10th ~360.
Feragatname
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