SPY 295.79 = 21-week SMA as of Friday May 22 close SPY weekly closes chart - http://c.stockcharts.com/c-sc/sc?s=SPY&p=W&st=2007-03-01&i=p44598818899&a=340963757&r=1575683095319 * the bullish case requires multiple weeks with the price action holding above the 21-week simple moving average