It looks like a pop but...
SPY appears to have broken out of a falling knife, but weekly MACD doesn't look good (not shown) and it's somewhat difficult to imagine buyers revving up another pump.
I'm calling it a fake out.
I'm calling it a fake out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.