confluence

Should price break to the upside next week the SPY has a confluence target overhead that includes the 50-day MA (first test of this Moving Average in over a month) as well as a 50% & 100% Fib. projection based on the two underlying seed waves present (A-B-C & C-D-E).  This area also happens to align with a measured move of the symmetrical triangle and an untested gap that was left at the close of that green hammer day.