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
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