SPY is completing its formation of the cup and handle. It's about 1% off of its all time highs. If it can breakout of the resistance after completing the cup and handle formation, this can have trajectory to $310-315 range as a profit target. This is about a $20 move upward which is 1/3 of the range when forming the cup and the full range of the handle. I'll have a stop alert around the $285-$287 level. This is roughly 3:1 and 4:1 risk/reward ratio. And a potential 6-7% move