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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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.