Quad 2!

It looks o.k., but not outright bullish. Let this rally prove itself!

Last week I called it a “constructive Quad 3” (therefore the “*” at the 3).

Not going all in here, I am calling for a Quad 2, but to get really bullish the SPY has to close above the 4-week moving average —> Yellow line! (therefore, Quad2 with a “*”).

And the recent lows HAVE TO HOLD on the basis of the close of next Friday!