The SPY just hit the upside target I predicted last week—630—and it did so with precision.
After reaching that level on Monday, the market pulled back slightly, only to gap higher again. Now, however, the Relative Strength Index (RSI) is in overbought territory. That suggests we may see sideways movement over the next few days as the market digests the recent move.
A more significant pullback isn’t likely unless RSI crosses below its moving average—a key technical signal I’m watching closely.
Curious where the SPY goes next?
📺 Watch this week’s FFR Trading Market Minute for my final upside prediction and analysis of what could trigger the next move.