SPDR S&P 500 ETF TRUST
Short

SPY's RSI tops out as its price trend shows weaknesses

istantanea
SPY has showing a trend of testing its support line and even trading below it over the past weeks. To add on to this, the RSI is now indicating it is over bought. Repeatedly testing the support line with an overbought RSI means this upward trend is closing. We should expect a change in the trend to a bearish sentiment soon.

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