SPY Looking Bullish

Pros:

- MACD looking to cross into positive territory

- RSI above 50

- KST looks ready to crossover

- Closed above VWAP

Cons:

- End of day selloff volume (see the 1 hour
chart)

- Closed below upper trendline

- Price action contained inside the descending channel

All in all, I'm curious to see if we end up in a controlled sell-off that is likely to accelerate once we get close to the 200 MA.

Very important to watch the market this week.