RE:SPYou can read a chart 20 different ways, none of which I'd believe apply to MJ stocks (we're not IBM). But if you're interested we've breached the 52 week high and there is also a Pivot Point at $7.62 to support us, next one is $9.25 so the spread is wide, and next point is $10.21 after that.
MACD levels are also in the bulls' favour
The markets haven't done well for the past few days and we are singularly outpacing it, plus there was an Options Calls Sweep yesterday. Most market uncertainty is behind us and we have several items to keep up the momentum heading into 2021
A day here and there to consolidate should be favourable for bulls