| SPY latest price $357.7000 (1.45%) ($353.4300 - $358.7200) on Wed. Sep. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.19% (three month average) |
RSI | 89 |
Latest Price | $357.7000(1.45%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 0.6% a day on average for past five trading days. |
Weekly Trend | SPY advances 2.1% 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(93%) QQQ(92%) IWD(91%) |
Factors Impacting SPY price | SPY will decline at least -0.595% in a week (0% probabilities). VIXM(-53%) UUP(-29%) VXX(-19%) EDOC(-4%) TBT(-1%) |
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 | -0.595% (StdDev 1.19%) |
Hourly BBV | 2.2 () |
Intraday Trend | 0.9% |
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