SPY on the weekly chart is up 25% in the past six months. This is beyond its historical norms
even during a presidential election year. While there has been some volatility in both directions
the climb is consistent and persistent. The indicators serve to document this. The predictive
algo predicts more of the same. A price cut when the fed gets around to it will serve to sustain
the trend. Lack of it through the summer may cause a fade of momentum. Make hay while the
sun shines.
even during a presidential election year. While there has been some volatility in both directions
the climb is consistent and persistent. The indicators serve to document this. The predictive
algo predicts more of the same. A price cut when the fed gets around to it will serve to sustain
the trend. Lack of it through the summer may cause a fade of momentum. Make hay while the
sun shines.
Trade active:
SPY is recovering from a 1% sell-off at the opening bell. Inflation data coming in
tomorrow. This was a dip- buying opportunity for those who caught it.
tomorrow. This was a dip- buying opportunity for those who caught it.
Trade active:
SPY maybe rolling over down 4% from the April 1 high pivot
Comment: