ratchet-mint

SPY resistant to giving up its 2 month rally

AMEX:SPY   SPDR S&P 500 ETF TRUST
We can see even as the SPY creates a lower trend now trading in lower support, it still gives bullish signals via the price action and RSI. We note the RSI moves lower overall while the price action is trading more or less flat as presented with the horizontal green trend line. This is coupled with smart money pushing the stock back up at the close for the second day in a row
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