SPY ES1! SPX Still Bullish, Pause before higher

The weekly SPY chart continues to look positive.

I circled areas where strong bounce weeks ended up failing and reversing to new lows.

But IMO, those reversals came with poor technicals (MACD trending down and/or negative) and showed big red candles right away. Now, we're seeing different action - MACD is turning up now and last week was flattish, closing at support. Stay long