SPY reached the major 746.25 target zone last week and finally began to cool after a long overbought expansion.
SPY held its breakout retest, reached the first daily target at 733.19, and remains bullish.
SPY completed its first real bull flag from the 4/7 low, broke out above 715.63, and remains bullish
SPY stayed in full upside expansion last week, pushing toward the 716.3 weekly target as bulls kept control of momentum. The daily bull flag still hasn’t formed yet, and the next key event is the first real pullback into support.