| SPY latest price $474.8400 (0.61%) ($472.4500 - $474.9200) on Tue. Dec. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.8% (three month average) |
RSI | 79 |
Latest Price | $474.8400(0.61%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 0.5% a day on average for past five trading days. |
Weekly Trend | SPY advances 1.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPY advance at 0% a week (0% probability) QQQ(93%) SMH(75%) XBI(54%) TAN(48%) XLE(27%) |
Factors Impacting SPY price | SPY will decline at least -0.4% in a week (0% probabilities). IVE(73%) IVW(94%) IWN(67%) IWO(78%) JETS(47%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.4% (StdDev 0.8%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.5% |
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