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.
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