SPY - Still targeting higher prices

28 gru 2021Currently forming a 4hr megaphone. A caveat to these patterns is you can gauge the strength or weakness depending on where support/resistance is found. Notice how price failed to tag the bottom of the megaphone before this runup. In my mind, this is a sign of strength and price likely consolidates before moving higher out of the megaphone. Looking for 510+ by Feb/March.