Final Hour Look and Analysis: Baby Steps Towards All-Time Highs

Yesterday morning’s “shake to the middle with you” held true, as the S&P 500 has now broken above a multi-day sideways consolidation. All-time highs are within reach up at 1576. True, we are walking into a long, holiday weekend with many traders already gone on vacation.

But, looking at the updated 30-mintue SPY chart below, bears are still the ones on the run, even if bulls or merely taking baby steps up to new highs.

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