The S&P has now hit the first target area of 3266.00/3255.00 on the break from the 3582.00 major Gann square. This combination target of a major Gann square and 23.6% back to the 3/23/20 low is key for the close today and tomorrow.  For the downside... With a solid close below 3255.00 today followed by another tomorrow, the next target area is 3066.00 to 3048.00, this is a major Gann square and 38.2% back to the 3/23/20 low. This is also the long term swing point. For the upside... holding this area and taking out the 3288.00 DSP for the day will be a positive sign and you can look for 38.2% of the break at 3374.00, it is this level that they need to close above to say the break is over and to then look for new all-time highs.

ESZ20