SPY long term analysis
The market broke the 302 marks to the upside as was our forecast from a week ago, it’s not an ideal breakout since it is not supported by high , BUT it’s a good setup , confirming our optimism for the market.
Risk exposure is slowly growing among traders moving the market up,
We maintain our next target of 325 for SPY . Expect a retracement to the 302 level as buyers remorse, and then a move to the upside (place stop loss just slightly below the old resistance levels in case this is a fake breakout).