Seeing a potential test here, hard to get short unless this gets broken first.
SPY keeps bouncing off that 50-day moving average.
SPY Seasonal the weakest for February.
SPY Just won't stop chopping.
Traders are going full throttle today on SPY and QQQ puts.
SPY broke the declining resistance.
The 5-month moving average on SPY is resilient.
Notable spread between SPY (market cap weighted) and RSP (equal weighting).
RSP is an ETF that represents all of the stocks in the S&P 500 with an equal weighting. It is important to understand the key difference in RSP vs. SPY. SPY holds the same stocks but does it with a weighting according each stock's overall market cap. This key difference has resulted in drastic differences
Possible that $FSLR breaks out of that base here. Very volatile and wild stock for swing trading at times. . $SPY attempting to set the stage for an end of day rally with this inverse head and shoulders forming. $CMC solid bounce off of the trend-line, with potential room to run up to resistance at