The bullishness continued today and the $SPY paused right on the highs resting against the downward trend line. The ETF which tracks the S&P 500 moved through horizontal resistance and is now above all major moving averages. 

The E-Minis futures contract actually pushed slightly above its trend resistance and has a new daily candle on the other side. Both the RSIs are confirming the new higher highs so it looks like a test of the 280 for the SPY is in the cards.

The resistance levels before 280 for the SPY are 273.42 (the 61.8% Fib retracement) and 279.14 (the 78%). A small backtest after pushing through resistance or of the 100day would not be unexpected but also not necessary. 

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