Close of the SPY this week is CRITICAL

4 Eyl 2020

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?

5 Eyl 2020

Not

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

14 Eyl 2020

Not

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.