$SPY poised for another 20 pt run?

🔸️Ticker Symbol: SPY timeframe: 4H 🔸️4X Bull Pattern 🔸️Investment Strategy: Long

Events: J. Powell speaks tomorrow morning, and I think market makers know where this is going.. I am also bullish!

TECHNICAL ANALYSIS: SPY has seen a pretty decent uptick over the last few weeks, with healthy pullbacks; but has many thinking... "have we hit bottom??" Who cares, we are heading up.. so lets go with the trend. Take a look at our advanced trading indicator (Trendsi ATS/ Dashboard) paints the story on the four hour. Money Momentum (white middle line) has bounced beautifully off the bottom green bands, which indicate money flowing into the market. Next, we have a big green dot in the middle of our green band, which means we had key EMA crossover, on a bullish trend. Lastly take a look at the chart, we have price bouncing right off the lower regression channel. The last time we had all four indicators in favor of a bullish run; SPY ran almost $25. I will definitely be keying in on how the S&P continues through the next few weeks, but I would anticipate another couple of bullish weeks before tempting another direction adjustment. Good luck, and happy trading!

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