$SPY Stars Aligning

$SPY

Anchored VWAP’s from election and start of the year are converging towards the level $SPY broke out from in February. Perhaps that’s coincidental. We still have an unfilled gap at $576. Peak to trough earlier in the year was just over 21%. A gap fill from October’s peak would be less than that. Unreasonable expectation? I don’t think so.