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?
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The Weekly of the SPY closed ABOVE the last ATH... this could be confirmation of the bull run to continue!
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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.