SPY Trend Update

• SPY Four hour with 20, 50 and 200 period SMA. Bulls are safe to extend this up move as long as they stay above 20 Period SMA.
• 2nd chart shows the levels which may trigger a bigger up or down moves. For bears price need to fall and close below the dotted trend line for a possible move towards 126.43. For bulls breaking above 128.38 may extend the gains.