We can see even as the SPY creates a lower trend now trading in lower support, it still gives bullish signals via the price action and RSI. We note the RSI moves lower overall while the price action is trading more or less flat as presented with the horizontal green trend line. This is coupled with smart money pushing the stock back up at the close for the second day in a row
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
