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SPY on weekly stays the course LONG

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BATS:SPY   SPDR S&P 500 ETF TRUST
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.
Dagangan aktif:
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.

Dagangan aktif:
SPY maybe rolling over down 4% from the April 1 high pivot
Komen:
Penafian

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