The SPY is going up for 2 more days...The SPY will continue to go up for 2 more days staying within this channel area. I suspect it will hit the target point I have indicated on my chart by Feb. 6th.
I have also used Fibonacci on this chart and you can see that both my time and target price prediction matches the Fibonacci retracement of 2.618 when it meets the top of the channel. The target price is 506 on Feb. 6th before it heads down towards the lower part of the channel.
Happy trading!