Low volume melt up continues; SPY stays above 412 and 416 remains a target!

- MA5 shows the way still, supporting the price action well on Monday off 411 (MA5) and keeping prices above 412
- Again, visibly in algo traded buy and sell channels (on lower time frame charts)
- Note that price action is appearing on lower half of buy channel on D chart
- Bollinger band and MA5 still perking upwards; MA20 is coming up fast

My watches
- Still cautiously bullish for now ==> until MA5 starts to flatten and MA20 catches up
- Upper resistance at 416 (Any good earnings from the big boys will certainly allow it to break, maybe TSLA?)
- Support is at 409, 407

Earnings catalyst awaits. Upcoming big one is TSLA on 19 Apr.

Good luck, all