$SPY Stage 2 Breakout Potentially
Looking at the weekly, if this is a true stage 2 breakout then S&P is likely about to go on a massive run. See in September it was under the 30 week MA, now it is above it. Resistance turns to support. So technically in much better shape this time around, macro not so much.
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.