SPY: Momentum continues, and more bullish signals are emerging
$SPDR S&P 500 ETF Trust(SPY)$ : Momentum continues, and more bullish signals are emerging, such as the crossover between the 20-day and 50-day moving averages (green arrow).
The current candle suggests bullish continuation, with the next potential resistance at the following volume shelf (black arrow). This shelf warrants careful monitoring, considering the nearly overbought RSI (orange arrow).
Hence the levels mentioned to watch in order to avoid premature decisions: $5,868 for $S&P 500(.SPX)$ and $585 for SPY.
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