The SPX closed the week strong above a two-week high and NYSI flipped back bullish. The S&P also closed above 8-, 21- and 55-day moving averages with the 8-day curling higher looking for a bull cross with the 21-day. The high came right at AVWAP off the record high resistance and the 4/12 and 4/15 resistance high candles at SPY 415 in focus heading into next week while the 61.8% Fibonacci of the correction move stands near 513, a move above can extend the move higher to upper monthly value at 518.50. Importantly, daily RSI is back above 50 and out of a trend of lower highs. SPY 408 will be important to hold for bulls as monthly VPOC while the 21-MA now at 507.33 and the 8-MA at 505.67. A close below 505 sets up for a return to lower monthly value at 498 and the potential for a much bigger breakdown towards 480. A breach of the rising channel puts recent lows near 494 in play and likely lower with a big Fibonacci and AVWAP level at 489 followed by the strongest volume node of support at 476.8 and the 200-MA at 469.5.