$SPY TOP 20
Added 2024-12-24 17:13:48 +0000 UTCFirst hurdle is comfortably cleared now by bouncing strong above the 50 Day MA and up to test the rising wedge bottom line from below today at $599.
$600 is an important psychological level, so flipping this level to support and the bulls would be optimistic that they could send this higher to our $631 Wave 5 Melt Up target.
There is a clear sign that the bulls have stepped in now since last Wed's sell off and recapturing the 50 Day MA is seen as a bullish confirmation of a trend.
For now, no top is confirmed yet, so we continue to hold our positions.
