Daily Report
SPY had some bullish price action today. 2% up day with increase volume. The RSI is currently breaking out. We could see a nice run up to the 435-440 level by end of this week. Since the FOMC meeting is tomorrow that could give it some boost if we get some good news. I want to note that any bounce on SPY will only be for the short term.
SPY had some bullish price action today. 2% up day with increase volume. The RSI is currently breaking out. We could see a nice run up to the 435-440 level by end of this week. Since the FOMC meeting is tomorrow that could give it some boost if we get some good news. I want to note that any bounce on SPY will only be for the short term.