SPY uptrend is still not fully restored and it's in negative formation, currently there's a negative trampoline move in the process, it's simply overbought, the indicators do not support the recent pump, watch for the correction in the near future. If the SMA50 support test fails then it may go down to test the previous lows again, watch the blue line as a pivot.
注释
P.S.There are many other indicators that are being used for this TA, the above snapshot is only an example.
Moreover, I've been doing technical analysis for quite some time, and I'm neither bullish nor bearish, I'm a swing trader who likes TA. And as you should know - always make your own choices.
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