SPY Indicator Now Bullish

 | Apr 21, 2015 05:12AM ET

After a strong day up the S&P Indicator is now in bullish territory signalling a bullish trend. The S&P was able to fill the gap from Friday’s decline and hang around its resistance level. The more a resistance level is touched the weaker it becomes. Now with a bullish trend and SPY testing resistance there is a strong possiblity this level breaks and SPY moves to new highs.