SPDR S&P 500 ETF Trust

SPY shows more interest in rallying than before

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SPY is starting to show more signs that a breakout above the flat trading its in is coming

  • 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

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