SPY has flipped its 410 resistance into support!!

$SPDR S&P 500 ETF (SPY.US)$ (and $S&P 500 Index (.SPX.US)$ ) is one of the biggest indicators of health in the market. The markets have been on a major downtrend since January of 2022. While sentiment finally appears to be changing to a new bull cycle we still need more proof to see if the bull market is going to take. SPY had the perfect bounce just now that we need to start the bull market. Our next peice of proof will be turning 418 into support. It looks like that could be a good possibility in the future.