S&P Remains in an uptrend as long as price remains above horizon

S&P held support last week, and despite the 200 pt drop, RSI never hit oversold conditions. A break of this horizontal support would favor the bears, but until then this still seems like a consolidation within an uptrend. SPY ES1!
Chart PatternsS&P 500 E-Mini FuturesSPDR S&P 500 ETF (SPY) Trend Analysis

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