SPY BULL BREAKOUT
Mid-Feb downtrend RESISTANCE broken. Bulls took back momentum and followed-thru in a big finish EOW. Critical close on Friday enabling the potential for higher highs.
Unless (deep) RED days MON and TUES --rejecting back under that down-trend-- I see upside by EOW. Changed position from bearish to neutral... and leaning towards positive short and medium term; IF breakout holds.
Unless (deep) RED days MON and TUES --rejecting back under that down-trend-- I see upside by EOW. Changed position from bearish to neutral... and leaning towards positive short and medium term; IF breakout holds.
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