| SPY latest price $520.4800 (0.92%) ($515.0800 - $520.6200) on Wed. Mar. 20, 2024. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.69% (three month average) |
RSI | 63 |
Latest Price | $520.4800(0.92%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 0.2% a day on average for past five trading days. |
Weekly Trend | SPY advances 0.5% 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(93%) QQQ(92%) DIA(81%) IWO(80%) SMH(73%) |
Factors Impacting SPY price | SPY will decline at least -0.345% in a week (0% probabilities). VXX(-78%) VIXM(-61%) UUP(-26%) GLD(8%) TLT(9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.345% (StdDev 0.69%) |
Hourly BBV | 2.8 () |
Intraday Trend | 0.9% |
| |
|
|