SPY bears will at least briefly be scorched once SPY recaptures and holds above its 20-month EMA which now resides at 282.73 as of Thursday's close SPY 60-min shows that since the April 14th open bulls are consistently defending a prior intraday high level at 275.03 - * bulls want the 60-minute RSI-14 to achieve a lasting hold above the 60 level https://stockcharts.com/c-sc/sc?s=SPY&p=60&yr=0&mn=0&dy=12&i=p79628098432&a=585526363&r=1586289960102