SPY - 4 Hr - Bullish. SPY is being stubbornly bullish!
I have switched to a bullish bias recently ... Tried to fill the gap, but failed. Since then SPY is proving to be stubbornly bullish in my mind.
A close above the previous 4 hour high is bullish, and it might also be what's needed to finally breakthrough the long-term up trend convincingly. If it it does, the all-time highs will be retested.
Notice, SPY sits comfortably above the 50 and 100 day moving averages. There is good volume, and the RSI is strong.
My call options are loving this!!
A close above the previous 4 hour high is bullish, and it might also be what's needed to finally breakthrough the long-term up trend convincingly. If it it does, the all-time highs will be retested.
Notice, SPY sits comfortably above the 50 and 100 day moving averages. There is good volume, and the RSI is strong.
My call options are loving this!!