It is a simple measured move, an old time trading technique.
1105.25 (swing high) -1041.25 (recent swing low) = 64
1077.75 (today's swing high) - 64 = 1013.75.
If 41.25 holds, there is an upside measured move right by 1108, which happens to be by two open gaps.
1038.50 to 1105.25 =...