ratchet-mint

SPY breaks through its new upward trend on weakening volume

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AMEX:SPY   SPDR S&P 500 ETF TRUST
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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