The highs of the Ascending Triangle were the 758.27 high at 2:30PM yesterday afternoon and the 758.39 high at 10:40AM this morning. When those got taken out AT 1:26PM this afternoon, that put an upside target of SPX 774.17 IN PLAY.
Math for the target:
758.27 - (The more conservative of the two highs)
742.37 - The low of the Ascending Triangle
758.27 - 742.37 = 15.90 points of upside, added to the breakout.
758.27 + 15.90 = Target: 774.17 IN PLAY
The target got MADE at 3:15PM
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