Breakout or Bull Trap? $SPY Reclaims 200DMA but Faces 20W MA
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
S&P 500 may have closed above its 200-day MA, but one hurdle remains: The 20-week moving average with the $SPY currently on track for a 6th consecutive close below it 🚨📉
S&P 500 $SPY posts first close above the 200-day moving average in 14 trading days 📈🥳🫂
More than 82% of S&P 500 stocks are now trading above their 5-day moving average, the strongest short-term market breadth since November 📈🥳🫂
Investors have been rotating to cash at one of the fastest paces in history 🚨🚨
Stock Market says goodbye to Extreme Fear for the first time in over a month 🥳📈🫂
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