$SPY TOP 20
Added 2025-03-25 14:56:58 +0000 UTCReally strong start to the week for the market
Bounced above the 200 Day MA yesterday and kept its strength for the day, today we have a continuation of strength with the price at $576 now, $3's above the 200 Day MA
We still do not have a retest of the 200 Day MA so this is what we are looking for next, a clear recapture of this important level and confirming it as support with a retest.
I believe the price can go as high as the 50 Day MA at $588 before needing a retest of the 200 Day MA from above.
Once we get a retest from above and holding, the melt up scenario becomes in play
Strong bullish indications I highlighted at the weekend have played a big part here and continue to look bullish.
