BUY : SPY's holding support @ 15 min EMA (139.85) area

The 15 min SPY (SPY 139.85) chart has held support well at the 20 period EMA. A buy is initiated @ 139.84 for a test of today's high @ 140.41. MACD momentum hit new highs with the fast line (blue line) hooking lower (see circled area) for a buy point. Expect a test of the previous high while MACD diverges with a lower high. Note: Strong intraday market internals argue for higher prices.