The real nature of the larger pullback is revealed on this weekly SPY chart... this is very bullish. schrts.co/vQXQLP
Prediction: Near-term pullback with larger time-frame indicators suggesting a break to the upside, despite that major resistance is overhead.
ノート
Please note that the last two links to Stockcharts.com are not going to be static views. The charts there will change according to market data. The view I am looking at is for Dec. 3rd EOD data.