📺 PULLBACK CANCELED? PRICE ACTION SAYS YES The current market is mirroring last year’s April tariff period: a sharp rally off the lows, a clean break above resistance, followed by sideways consolidation—not a breakdown. Last year, the market was ~21% off highs → rallied hard. Then pulled back ~9–10% → formed an inverted head & shoulders. Key leaders (Mag 7, semis, memory stocks) regained strength, which led to an explosive breakout to new highs. So, this kind of pause is normal in a strong uptrend, not a sign of weakness. * If the market wasn’t strong, it would’ve failed at resistance. Instead of rejecting key levels, $SPX broke through resistance and continued higher toward ~7147. This behavior signals that buyers are in control and the market is trend-confirming, not rolling over. So, price action already answered the question. * Right now, the market is letting the 8-day moving average catch up. This usually happens when the price runs too fast, and the market needs to reset via time, not price. So, we expected a pullback toward ~$698–$700 $SPY (prior highs/support zone). Then came the news, which pushed the market higher instead of pulling back. This is not weakness being avoided – it’s strength absorbing potential downside. If bad news doesn’t push price down → that’s bullish. Period. * So, watch $SPY around ~$698–$700 (prior highs / support / 8-day region). Key questions – does the market hold this zone if tested? That determines continuation → bullish trend intact or breakdown → deeper pullback possible. * So, the market remains in a strong uptrend, now consolidating. No rejection at resistance = bullish signal. The current pause is healthy digestion, not weakness. News didn’t break the market → strength confirmed. Now watch $SPY ~$698–$700 – it matters if tested. If you enjoyed this video, please ❤️like and 🔁retweet