| SPY latest price $261.6500 (3.25%) ($253.5300 - $262.4200) on Mon. Mar. 30, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.43% (three month average) |
RSI | 43 |
Latest Price | $261.6500(3.25%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 3.2% a day on average for past five trading days. |
Weekly Trend | SPY declines -1.6% 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) IVW(96%) IWF(95%) DIA(94%) IWD(92%) IVE(91%) |
Factors Impacting SPY price | SPY will decline at least -1.715% in a week (0% probabilities). VIXM(-57%) UUP(-30%) VXX(-22%) TLT(-7%) SHY(5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.715% (StdDev 3.43%) |
Hourly BBV | 1.8 () |
Intraday Trend | 2.3% |
| |
|
|