The Russell 3000 looks very bullish and has kept within its uptrend very well so far. However, I think it might test it's previous weekly low of 223 region before moving further up. I would be looking to buy the dip.
Please give me feedback on this but from the looks of it, SPY is currently in a weak uptrend (frequently on the lower band of its trend range). And with it being some distance from the 21 EMA, we could see a test of the 21 EMA. This could mean more sideways action in the days to come.