S&P 500 ETF · a pause just below the highs
SPYM slips 0.2% and closes in the upper part of its range as money flow keeps rising
Our view last week
SPYM, the S&P 500 ETF, closed the week up 1.3% and resolved last week's divergence: buyers held 70% of volume and money flow is climbing again. SPYM technical analysis shows price action trading right below the highs, between resistance at the 7-day high, in the 91.2 area, and support in the 90.6 area. The MACD has been below its Signal line for 3 weeks, and the trade is 13.6% in profit since entry.
This week's summary
SPYM, the S&P 500 ETF, has stalled a step away from its all-time high: the week gave up 0.2% and still closed in the upper part of its range, while money flow kept climbing to its highest reading in 4 weeks. Compared with 7 days ago the price has barely moved and the MACD lag has grown, now 4 weeks below its Signal line, with the ADX falling for 5. SPYM technical analysis shows price action in waiting mode below the highs, and a trade setup that is 13.3% in profit since entry.
IQS Phase
44
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#82 / 93
US stocks in progress
Trade P&L %
+13.31%
from signal to date, no stop loss
SPYM S&P 500 weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 82nd among the 93 Longs already running for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
SPYM belongs to the etf broad sector (reference ETF ).
restricted Platinum content