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norok

Close of the SPY this week is CRITICAL

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
norok Wizard Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns SPDR S&P 500 ETF (SPY)
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chartpattern spy
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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norok
SPY is fascinating to me as a chartist now
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