Nothing about this is bullish
I would be very surprised to see this keep going up. The hourly RSI is rejecting off of the EMA and heading toward the bearish control zone. We keep making lower highs and lower lows. As you can see i have two arrows, if we break the blue one (which is the neckline of a inverse head and shoulders) we will be heading back down to the red arrow. Honestly if we get back down there it won't bounce again. SPY will go down to the 420 area and probably wick down a lot lower than that. If you are short in this area that we are currently at, keep a close eye because this market can turn around in a instant.
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