The SPY reached the MS1 Level in the last 15 minutes of trading. It’s not likely that you get a move to an extended level with such a late test of a level. While anything is possible, barring some news-related move, this would not be likely.

Quantitative Analytics for Intra-Day Traders
The SPY reached the MS1 Level in the last 15 minutes of trading. It’s not likely that you get a move to an extended level with such a late test of a level. While anything is possible, barring some news-related move, this would not be likely.