According to @stocktalkweekly, bulls pushed SPY back above the 9- and 21-day EMAs on Friday, a strong weekly close that still requires a decisive retake of all-time highs to confirm the uptrend, signaling actionable levels for traders to monitor. Source: Stock Talk (@stocktalkweekly) on X, Dec 19, 2025. Maintaining closes above the 9/21-EMA band defines near-term momentum and sets a clear trigger with an ATH breakout for trend validation, aligning with the source’s focus on dynamic support and confirmation. Source: Stock Talk (@stocktalkweekly) on X, Dec 19, 2025. For crypto risk assets, tighter equity–crypto comovement means sustained SPY strength can support risk appetite in BTC and ETH, with the IMF documenting increased BTC–S&P 500 correlation during risk-on periods. Source: International Monetary Fund (IMF), Jan 2022.

According to @stocktalkweekly, bulls have reclaimed SPY’s 9-EMA, 21-EMA, and 50-SMA in morning trade, a constructive technical development for momentum and trend-following setups; Source: @stocktalkweekly. According to @stocktalkweekly, traders should shift bias incrementally during choppy action to avoid being offsides, underscoring patience and disciplined risk management; Source: @stocktalkweekly. According to @stocktalkweekly, a strong weekly close above these moving averages could restore bidder confidence and validate near-term support; Source: @stocktalkweekly. For crypto market context, Bitcoin (BTC) has shown increased positive correlation with U.S. equities since 2020, so sustained SPY strength above these averages is a relevant backdrop for BTC and ETH risk sentiment monitoring; Source: International Monetary Fund analysis on crypto–equity correlations (2022).

According to @stocktalkweekly, SPY rallied intraday but remains below its 50-day moving average and did not even tag the 9 EMA, indicating no meaningful trend repair yet, source: @stocktalkweekly. According to @stocktalkweekly, a decisive reclaim with several consecutive closes above the 50-DMA is required before declaring risk conditions improved, keeping near-term equity risk elevated, source: @stocktalkweekly. Given the documented rise in equity–crypto co-movement, a confirmed 50-DMA reclaim in SPY would be a risk-on signal that could support BTC and ETH sentiment, while continued failures increase downside risk for crypto as well, source: @stocktalkweekly; IMF Blog 2022 by Tobias Adrian, Tara Iyer, and Mahvash S. Qureshi.