Rejected at the record, thrust fading
SPY (S&P 500): the rally stalls below the record, momentum cooling
Rejected at the record, thrust fading
Our view last week
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.
This week's summary
The SPY, the S&P 500 ETF, approached its own record but got turned away: weekly technical analysis frames a buy up 9.39%, now more than 2% below the highs. On the daily the shift bites — buyer dominance has collapsed and sellers owned the last session — while the MACD histogram keeps sliding. The weekly structure holds, but the drive is nearly spent: a mature uptrend, one to manage with the stop.
IQS Phase
42
ordinary
Signal Strength
14
low · fading
ATH distance
2.30%
2.30%
KPI 4
0/3
Trade P&L %
+9.39%
from signal to today
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