SPY weekly still looks good; Key catalysts upcoming CPI/FOMC Meeting Minutes (12 Apr) and PPI (13 Apr)

- Continuation of sharing of SPY weekly chart
- After inverse head and shoulder breakout 2 weeks ago, has stayed above MA50 well
- And has stayed consolidating below 416 per last sharing
- Note the 3 weeks of Feb action previously as a look at where we are
- 416 needs to be overcome and depends on the coming week catalysts!!!

Bullish - CPI / FOMC Meeting Minutes / PPI to bring price action above 416. If it does, 420 and 430 becomes a real possibility

Bearish - Any bad catalysts will see 405 being tested and then the 399 (MA5/MA20) and then 396 (MA50); Breaking all these levels means we are going down down down

Personally, I am still leaning bullish and so are my positions.

Good luck, all