Close of the SPY this week is CRITICAL
This 'healthy' pullback to the persistent bull trend happening this week has significance... it is retesting the past ATH. This is a decision point. Will we close above it to confirm the past ATH as a support... or break it and signal the failure of this great rally as a false breakout?
Comment
The Weekly of the SPY closed ABOVE the last ATH... this could be confirmation of the bull run to continue!Comment
Last week of the SPY closed BELOW the level. This invalidated the one above. I am sitting on my hands this week until further confirmation.
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