| SPY latest price $347.9300 (-0.63%) ($347.1400 - $351.9300) on Wed. Oct. 14, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.09% (three month average) |
RSI | 74 |
Latest Price | $347.9300(-0.63%) |
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 2.6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -0.545% in a week (0% probabilities). VIXM(-54%) UUP(-28%) VXX(-19%) IGOV(-9%) EDOC(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.545% (StdDev 1.09%) |
Hourly BBV | -1.3 () |
Intraday Trend | -0.8% |
| |
|
|