| SPY latest price $516.7800 (1.08%) ($510.8600 - $517.3800) on Tue. Mar. 12, 2024. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.72% (three month average) |
RSI | 74 |
Latest Price | $516.7800(1.08%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 0.4% a day on average for past five trading days. |
Weekly Trend | SPY advances 0.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SPY advance at 0% a week (0% probability) IVW(93%) QQQ(93%) DIA(82%) IWO(80%) SMH(74%) |
Factors Impacting SPY price | SPY will decline at least -0.36% in a week (0% probabilities). VXX(-77%) VIXM(-61%) UUP(-30%) TLT(3%) GLD(7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.36% (StdDev 0.72%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0.7% |
| |
|
|