Changing the lens on the S&P 500 SPDRs

I like to get a different perspective on the market as often as I can and one way to do that is to look at a PnF chart. Here is what the normal 3-box PnF looks like on the $SPY:

SPY_PnF_BAs you can see here, it has a bullish PO (price objective) of 162. What is important to note though is the current Double Top setup that exists, a breakout potential right here.

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