The upside target at 2088 was fully attained on Friday, with the S&P 500 making a new all-time high for extra measure. The aggressive rally through the “speed zone” left a gap at 2070, which now beckons.
That said, an overshoot to 2118 has about an 80% probability. The only question is which one happens first?
A Note on Volume Profile
The histogram on the left side of the chart shows the volume distribution in the S&P futures for different periods of time. Key support and resistance levels are indicated by the peaks and troughs.
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