$SPY Looking to Retake 23.6% Retracement Level From 2022 Bottom

One Hour Chart shows RSI SMA exiting oversold territory as early as tomorrow morning with a strong open.

This price action would likely push the SPY back over the 23.6% retracement level of the move from the 2022 bottom (06/17/22), to the August 16th Top.

Price is currently above a confirmed trendline from June 17th bottom, with multiple pivots along the way.