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SPY Indicator Now Bullish

Published 04/21/2015, 05:12 AM
Updated 07/09/2023, 06:31 AM

After a strong day up the S&P Indicator is now in bullish territory signalling a bullish trend. The S&P was able to fill the gap from Friday’s decline and hang around its resistance level. The more a resistance level is touched the weaker it becomes. Now with a bullish trend and SPY testing resistance there is a strong possiblity this level breaks and SPY moves to new highs.

Bullish

S&P 500 Daily Chart

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