The SPY, an ETF tracking the S&P 500 · a mature buy pressed to its record
SPY (S&P 500), a mature rally clinging to its highs as the drive thins out
The SPY, an ETF tracking the S&P 500 · a mature buy pressed to its record
Our view last week
The S&P 500 is in the twelfth week of an open buy, up 9.6% from entry and hugging its all-time high. The weekly structure stays full — aligned moving averages, price above the Ichimoku cloud, no close below the 200-week average — but momentum is cooling: signal strength slips to 14 out of 100 and the MACD histogram keeps sliding lower. The first two statistical trimming areas are already behind. A mature trade, not a reversal.
This week's summary
The SPY, an ETF tracking the S&P 500, is trading a whisker below its own record, just 0.72% under: weekly technical analysis frames a buy up 11.11% from entry. On the daily, buyers own the tape — more than 93% of volume — and a double bottom in the 720 area restored order with a 6% rebound. The underlying drive, though, keeps draining away: Signal Strength slips to 7 out of 100. A mature uptrend, with momentum cooling.
IQS Phase
55
ordinary
Signal Strength
7
low · fading
ATH distance
0.72%
0.72%
KPI 4
0/3
Trade P&L %
+11.11%
from signal to today
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