SPY Point & Figure Chart Set-Up Remains Constructive

Despite some sharp intraday moves in the SPDR S&P 500 (SPY) after the quelling of the Ukrainian "crisis," my Point & Figure work continues to argue that the current upleg off of 183.75 is intact and still viable.

Also, it is carving-out a sideways, bullish digestion period ahead of fulfilling unfinished business on the upside into the 191.00 to 192.00 target zone.

That said, however, a print of 186.75 will trigger our first signal that the upmove is weakening.