Bullish on SPY
SPY has decisively closed above the 200 DMA, rallying in the last 30 minutes on Friday. The market seems poised to return to the year's highs as it moves up a channel. However, expect a small pullback to the top of the triangle that has been formed in the last 4 months or to the 50 DMA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.