Not a great close yesterday as $SPY is not able to close above 280. Financials, an important sector, is under stress and trading poorly while tech "stay-at-home" economy stocks have the back of institutions, hedge funds, and momentum players.
Bulls tried to reverse Tuesday's losses but did not make much headway and the volume was well below average.
$SPY barely trades above the 20 EMA and has been trading in a range for the past 11 trading days.
The indicators on the chart show potential for $SPY to roll over.
Bulls tried to reverse Tuesday's losses but did not make much headway and the volume was well below average.
$SPY barely trades above the 20 EMA and has been trading in a range for the past 11 trading days.
The indicators on the chart show potential for $SPY to roll over.