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ratchet-mint

SPY breaks through its new upward trend on weakening volume

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ratchet-mint  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance Volume
0
2
supportandresistance volumestudies
Today SPY has created a new upward trend today but with troubling signs of momentum.

  • Volume is consistently going down for each period showing little conviction of the rally
  • Broken below the support line twice.
  • We should expect this rally to be short lived
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