SPY is holding up much better than the other major index ETFs, but broad market conditions are not bullish and this is influencing my chart analysis. Today's video will show how breadth and key group performance influence my outlook for SPY. I will also show why XLB is a better alternative.
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Blog: https://stockcharts.com/articles/arthurhill/
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After a huge advance in March, the market turned defensive and SPY moved into pullback mode in April. Today's video will show how to identify oversold setups using the Momentum Composite and how to identify sentiment extremes using three indicators.
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Website: https://trendi...
The S&P 500 SPDR surged over 10% in 11 days and this amounts to a bullish price thrust. Today's video looks at some prior price thrusts of similar magnitude. We also dive into candlesticks, the Trend Composite signal for SPY and the wild ride in palladium.
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The broad market environment remains bearish overall, but some trading themes emerged over the last four weeks. After reviewing the Market Regime, today's video will highlight ETFs related to these themes with a Performance Chart and individual price charts.
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