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ratchet-mint
Feb 22, 2019 11:38 PM

SPY resistant to giving up its 2 month rally 

SPDR S&P 500 ETF TRUSTArca

Description


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
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