$168.50 Key Level for SPY

Ever since the 23rd of September which is a significant date for underlying trade, the SPY has maintained itself under the 60m/50-bar moving average. I'm surprised frankly it has went on this long, but the level of the average is now $168.50, also a psychological number and of course a rather flat range of some duration.

Only late Friday did we break above the average for 2 hours, but you saw underlying trade late Friday, distributive.

If you have the ability, I'd at least set some alerts around the level.