This is my overall thoughts on the SPY . I am bullish Long term. This bar pattern was taken from 2010 after the massive rally Post 2008 GFC. To me this makes the most sense!
If we start to close BELOW the 200SMA on then I would be a little more bearish , and if this were to happen I expect it to happen in August. Until then, BE BULLISH!
If we start to close BELOW the 200SMA on then I would be a little more bearish , and if this were to happen I expect it to happen in August. Until then, BE BULLISH!
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Here is where the bar pattern originates from
