JayC81
Long

SPY - 4 Hr - Bullish. SPY is being stubbornly bullish!

AMEX:SPY   SPDR S&P 500 ETF TRUST
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!!
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