$SPY Weekly View Update

Many bears doubting the recent market rally have failed to see the bigger picture. If you look at the weekly timeframe on SPY you would see MACD has just crossed about the signal line and we have RSI calling for further upside after a confirmed reversal at the 200ema within a megaphone pattern. Our extention target is between $430-$442 where we would expect profit takers to give us a reversal. We are remaining long until we have a reason not to be...