SPY - The price is starting to depart from this range

$SPDR S&P 500 ETF Trust(SPY)$ : As I mentioned yesterday, the longer the price remains at the current volume shelf, the greater the likelihood it will serve as a launchpad. Indeed, the price is starting to depart from this range.

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Pullbacks continue to be swiftly bought. As soon as the price recovered the central level shared last Friday with subscribers, I posted at 10:30 AM today about the bullish formation.

The longer the price consolidates within the current zone, the higher the chances for a new bullish leg increase. The recovery of the 5-day moving average further supports the bullish momentum.

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