| SPY latest price $439.4600 (-0.71%) ($438.9700 - $443.6080) on Fri. Jun. 16, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.83% (three month average) |
RSI | 80 |
Latest Price | $439.4600(-0.71%) |
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 2.1% 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(95%) VT(95%) IWF(94%) VUG(94%) QQQ(92%) |
Factors Impacting SPY price | SPY will decline at least -0.415% in a week (0% probabilities). VXX(-69%) VIXM(-62%) UUP(-34%) TBT(-34%) EDOC(-3%) |
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 | -0.415% (StdDev 0.83%) |
Hourly BBV | 0.8 () |
Intraday Trend | -0.8% |
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