S&P: Target hit. Channel Up intact. Bullish.

TP = 2,785 hit before the index successfully made a Higher Low on the 4H Channel Up (RSI = 56.761, MACD = 13.990, B/BP = 9.0660). The two high probability scenarios arise. Either the Channel Up goes for a new Higher High or 1D consolidates (RSI = 52.278, Highs/Lows = 33.1786) the overbought STOCH, STOCHRSI (> 80.00) and Williams in a symmetrical pattern as seen on the chart. In both cases the target is a near 2,900 extension (TP = 2,893).



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