The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
Traders are watching Simon Property Group (SPG) as price action tightens. With a last close of $203.65, volatility remains active (-0.22%). Algorithmically, a Rounding Bottom structure has completed. Volume is average (0.34x avg) with moderate trend strength (4.0). A potential breakout level is identified at $208.28, targeting $238.68 with support near $193.08 (R:R 2.0).
What is your outlook on SPG?