$SPY Bull Flag Needs One More Breakout Confirmation
$SPDR S&P 500 ETF Trust(SPY)$ futures are green heading into the week, but the setup still needs confirmation.
The bull flag is taking shape, but the pattern isn't confirmed yet. We still need a daily close above the recent swing high to validate the breakout setup.
That leaves two scenarios on the table. A clean break above the swing high would open the door to a move toward new all-time highs. But a pullback before that breakout would not necessarily invalidate the setup.
🎯 The key level to watch is $750.
If $750 continues to hold as support, the broader bullish structure remains intact. I’m still prepared for one more shakeout before the next attempt higher.
Either way, this could make for an interesting week. 👀📊
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