S&P index gaps above its 50% retracement and starts to work on other upside targets.

S&P index starts to work on topside target 
The  S&P index is currently trading up 72 points or 2.64% at 2834.63.  Take a look at the daily chart, the price has gapped above its 50% retracement at 2792.69. And also moved above the high price from last week at 2818.57 and the swing low going back to August 2019