SPY Structure Update (Daily)

153
10 and 20 EMAs have crossed above the 50 EMA and are now all trading above the 200 EMA, indicating strong short-term momentum within a confirmed bullish structure.

RSI is holding strong at 73, showing continued participation with upward momentum, but now getting into elevated territory.

OBV has been on a steady rise since late March, confirming accumulation and supporting the current move higher.

Structure remains healthy, but price is now becoming extended above short-term EMAs, which increases the likelihood of either:

short-term consolidation
or a pullback into the 10/20 EMA range

⭐️ Final Clarity Note ⭐️:
Strong trend and participation remain intact, but with price extended, the focus shifts from chasing to identifying the next setup within structure.

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