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.
SPY broke the daily downtrend, reclaimed the 100SMA, and pushed to new all-time highs last week as momentum fully flipped back in favor of the bulls. Now the focus shifts to the first pullback and whether a new bull flag can form above prior resistance.