Price just held in the overnight range yesterday, late day liquidation break that was quickly bought up indicating buyers still in control. Pre-market we have a new ATH in an overnight session so 518.32 is where buyers will aim today, 520 above that. Below 517.40 and we’re in prior day range, target 516 and targets below that. We’re looking to see if SPY continues to balance or if it continues reaching for new highs.

1) Above 517.40 target 518.32 and whole numbers above that towards 520
2) Below 517.40 target 515.88, look for consolidation in this zone
3) Below 515.88 target 515, 514, 513 ultimately 511 below that which would be bearish. Breaking prior day low would put the odds of this happening higher

William Wallace