S&P 500 hugging its highs: the uptrend holds, but momentum is cooling
The weekly bullish signal on the S&P 500 is in its ninth week, with the index trading just below its record high. The technical structure holds, but Signal Strength drops to 7 out of 100 and two of the three profit-taking areas have been reached: a mature picture, not a reversal.
S&P 500, the uptrend holds but the engine loses steam in week eight
The S&P 500 weekly bullish signal is in its 8th week and holds, but the structure shows cracks: cooling weekly price action, Signal Strength at 7 out of 100 fading, and price hugging the highs. A mature picture, not a reversal.
S&P 500 hugging its record high: the bullish signal holds while strength fades
The S&P 500 trades less than half a percentage point from its record high, with the weekly bullish signal in its 6th week. The technical structure stays full, but Signal Strength recalibrates to its floor and the first of three profit-taking areas is already reached.
SPY — S&P 500: Grade A, Immediate Entry. Top Trade of the Week
⭐ TOP TRADE — SPY Grade A W16 2026. PI BUY 1W new crossover. CD1D 7.33. Entry Mon 13/04 open · 50% size. TP1 697.84 (+2.70%). SL1 645.14 (-5.05%). Phase 2 options mandatory.
SPY: Grade B, 0.64% From Signal — Closest Trigger in the U.S. Group
SPY just 0.64% from weekly buy signal — closest trigger in the U.S. group. Grade B, daily MACD crossover confirmed (+0.29). At the 200-day MA. Await week-following-signal confirmation before entry.
SPY: Daily Condition Index at Maximum — Grade A Watchlist
SPY ended the week at 634.09, extending the drawdown to −9.2% from the all-time high of 697.84. The weekly MACD (momentum indicator) histogram has dee