SPY Breaks Downtrend Line But Don't Get Bullish Yet

SPY Breaks Downtrend Line But Don't Get Bullish Yet

SPY has broken out to above trendline A without much difficulty. 110.75 is the 61.8% retracement level from the 112.98 high to the 107.18 low. SPY has to climb above 110.75 and hold for me to believe that the downtrend is over.

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