Levels to Watch in SPY's Upside Breakout

Mike Paulenoff By

My SPY Point & Figure Chart (see attached) printed above (253.00) a multiple prior higher resistance zone at 251.00 to 252.00, which triggers a next immediate upside target of 255.25, and then to 258-260.

At this juncture, only a print of 251.50 will stall the upside breakout, and will initiate a down-column of Red O's, which will indicate that a digestion-correction period is in progress after today's enormous P&F up-column from 246 to 253.

Last is 252.02
1 04 SPY PF Chart G
1 04 SPY PF Chart G

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