S+P 500 breakout on 9/20'18 is significant, because it opens the door to a much higher price targets of S+P 3042.79.
Upside Projection can be measured by connecting the 4 Hour High on 6/11/18, with the 4 Hour High of 8/29/18 at 2916.50,and drawing Trend Line Out to 3042.79 destination.
I just verified this trend line today, after the breakout to all time highs this morning. Mark Rivest, Tradingview.com contributor has long had a S+P 500 target using his proprietary Elliot Wave Analysis of S+P 3050.
THE_UNWIND
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4 hour High on 6/11/18 was 2790.21
That number is now significant Support and I will have more about it's significance in a future post.