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GroundNinja
May 27, 2022 2:17 PM

SPY: Buyer participation continues 

SPDR S&P 500 ETF TRUSTArca

Description

SPY: Buyer participation continues with a more positive outlook received from the EOW economic data. Entering the long weekend, the index is seeing positive gains and poised to break a seven week losing streak. Overall, VIX still is at levels (25.94) atypical of a high interest laden economy. Sentiment for short term is bullish/neutral. Longer term is still bearish/neutral until key data upcoming in June 2022.
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