$SPY has been rallying off the low set earlier this month.
Since plunging in the “NoGo” trend into early April we have seen price try to climb out of the hole it found itself in. Now, as it tests horizontal resistance from prior lows and highs, we see that GoNoGo Oscillator has found its way above the zero line and into positive territory. If price can break above resistance and with momentum climbing further into positive territory this might give price the push it needs to change trend.
