SPY Structure Update (Daily)

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SPY Structure Update (Daily)State Street SPDR S&P 500 ETFBATS:SPYcodymiller1272710 and 20 EMAs have crossed above the 50 EMA and are now all trading above the 200 EMA, indicating strong short-term momentum within a confirmed bullish structure. RSI is holding strong at 73, showing continued participation with upward momentum, but now getting into elevated territory. OBV has been on a steady rise since late March, confirming accumulation and supporting the current move higher. Structure remains healthy, but price is now becoming extended above short-term EMAs, which increases the likelihood of either: short-term consolidation or a pullback into the 10/20 EMA range ⭐️ Final Clarity Note ⭐️: Strong trend and participation remain intact, but with price extended, the focus shifts from chasing to identifying the next setup within structure.