SPY Weekly - 01/23/2023

Here I present the SPY in a Weekly Timeframe. Notice how all the bear rallies to date have ended at the upper trand of the downtrend? The one big difference I see here is we put in our first higher low.......

RSI looking OK, MACD looking Bullish. Also it looks like a C&H may be forming....?

Again, remember big data dump this week at the end, so this weeks candle may look completely different Friday. It very well may end up another throwover. We will find out soon I think.