![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_QfiG0hppcftOfBtDAhGmTbCgtaa02wrSQDvg-d1lpK-9hExtJ2ls22zB6vmYpbaYb_8EkRkmKMMz5iz1SOFsSZF76j5wXbjQfJNouQyCaUcyl2piS9aVT2tSCL0D59HkYmwx3JW4XlU/s400/Chart+of+SPY1.gif)
A.) Prices broke an upward trend line and
B.) Have found technical support in the 112 area.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8ek82ILcUqtuGq8Cqv9FtKxMREyzovnN1rGVV5zZuZqQwnQBTDblhInR8woA5KWjpXwTfFd5Z8Bhyf6bjkyzWPxPTvHvYtHf8i1aHwkL8_xtOiH9nWHAQ5yaesXiV-gkP-gie4Bx6YWQ/s400/Chart+of+SPY2.gif)
Prices have moved through resistance at points A and B.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFIFMthZJhKkv2PqaWuiY0-zwliPwtPuHKwU84rIdH4KKKJZyuk5RcGQeGXXpYwrmVyvo9imrsDfffSo6ShY8zWawBt18KC8n3YOQab0uQGfEi-_xM6ic5WEkdB2ANeXUEB7GazR0RPzs/s400/Chart+of+SPY3.gif)
The EMA picture is now bullish. The shorter EMAs are above the longer EMAs, all the EMAs are moving higher and prices are above all the EMAs.