SPY 207.60's and SPXEW 3184/3185 = key inflection level
SPXEW daily - closed once above this level during October at 3193.11 ... this high close is the next potential upside target
buyers need to defend SPY 207.60's on pullbacks going forward
SPXEW 2-hour chart -
* no price bar closes below the 50sma since last week ... see the 50,2 Bollinger Band in the upper chart element
* above the 50,2 upper Bollinger Band for consecutive price bars will represent a signature for continued upward direction ... there is significant upside room for 50,2 Bollinger Band expansion of the Band width
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