SPY: bullish (pitchfork analysis)

Both on weekly and monthly chart SPY reached a couple of pitchfork lines (in both cases a bottom one and a middle one) and is likely to bounce back up.

Kommentar:

SPY reached the next level down, again it's a good chance that it will bounce back up:

Kommentar:

SPY did move up (to the next pitchfork line) and then fell back to the same line I encircled in my earlier note. See my new related idea for further commentary.