Since the beginning of the COVID 19, pandemic SPY has not gone below the bull market support band which consists of the 20 w SMA and the 21 w EMA. Use this to your advantage as whenever SPY drops to the bull market support band we tend to test it and reverse upwards. As of today SPY has tested the bull market support band and has made new all-time highs. It's no matter of time till we see $491-$500 on SPY.