Its a good time of the year to watch the SPY as we are currently attempting to break through recent highs. The last 2 days we have had a rejection off the $294 zone, but recently found support at the MA. We want to see a break and re-test of the $295 level, in order to enter long. Watch out for the dump if we break below $289.50, as the bearish momentum will most likely take us lower after breaking back below that level. Follow me to stay up to date!