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marketmind3

SPY ES1! SPX Still Bullish, Pause before higher

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
marketmind3  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) spyshort spylong S&P 500 (SPX500) SPX (S&P 500 Index) spx500long SPXS S&P 500 E-Mini Futures es1
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trendanalysis chartpattern indicator spy spyshort spylong spx500 spx spx500long spxs es1! es1
The weekly SPY chart continues to look positive.

I circled areas where strong bounce weeks ended up failing and reversing to new lows.

But IMO, those reversals came with poor technicals (MACD trending down and/or negative) and showed big red candles right away. Now, we're seeing different action - MACD is turning up now and last week was flattish, closing at support. Stay long
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