RxStockTrading

S&P Analysis

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AMEX:SPY   SPDR S&P 500 ETF TRUST
As the markets broke back out above resistance the price action is still with the bull side. However, there is a negative divergence starting to form on the MACD. Unless we get more volume to come in and have a strong push to the upside, the markets could be foreshadowing a bumpy ride. But as always it is best to be prepared and be reactive instead of predicting what the markets will do.

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