SPY is starting to show more signs that a breakout above the flat trading its in is coming
SPY continues to still trade flat but show more confidence in its small rallies than previously
- We see increased volume over peaks of previous rallies indicating agreement with pushing up prices
- RSI's SMA starts to break through the 50 line
- comparing to the QQQ, its experiences another false breakout above for the second day in a row. Showing the tech sector is attempting to turn around to the upside
SPY continues to still trade flat but show more confidence in its small rallies than previously
Related publications
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.
Related publications
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.