$SPDR S&P 500 ETF Trust(SPY)$ - The current volume shelf continues strengthening after nine days of narrow price action.
Moving averages continue in uptrend and the 50DMA will catch up with $595 at this pace. This is not a market to short as mentioned several times, but this is a market to stay cautious, we have studied different bearish crossovers in MACD, Stochastic, and today the divergence with the Money Flow Index, which is in decline.
$Cboe Volatility Index(VIX)$ jumped today 6.37%, definitely something to be mindful about.
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments