$SPY - Bull Case: Trendline from the bottom of 4/16 - it has 6 touches on it (the more touches a Trendline has the strong level it becomes) - plus it is over al

$SPY - Bull Case: Trendline from the bottom of 4/16 - it has 6 touches on it (the more touches a Trendline has the strong level it becomes) - plus it is over all SMAs (note the first one is the SMA 50 at 717.45) Bear Case - it is below the EMA 21 which is 742.02 - however it is not that extended fr…