Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
SPY breaks another upward trend
SPDR S&P 500 ETF TRUST
Short
SPY breaks another upward trend
By ratchet-mint
Follow
Follow
Sep 30
1
Cheer
Cheer
Sep 30
SPY has broken two upward trends in this recent rally giving less momentum each time it breaks
Ended old upward rally on Sept 23, going into new rally with reduced momentum
The latest rally has now been broken again
MACD very close to going into a bearish sell off
RSI breaks below the 50 line
We may expect SPY to trade flat for a little bit of time in the distribution phase of its rally cycle, before the bears take hold.
Oscillators
Support and Resistance
ratchet-mint
Follow
Related publications
QQQ and SPY comparison in uptrend
by ratchet-mint
Published
Disclaimer
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
.