SPDR S&P 500 ETF Trust (NYSEARCA:SPY) Trading Outlook
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) closed up 0.830 at 237.390. Volume was 8% above average (neutral) and Bollinger Bands were 3% wider than normal.
Open High Low Close Volume___
236.700 237.240 235.740 237.390 90,658,976
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 237.54 230.59 219.30
Volatility: 10 8 12
Volume: 82,656,048 74,054,168 87,821,384
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
SPDR S&P 500 is currently 8.2% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of SPY at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on SPY and have had this outlook for the last 22 periods.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 21.3542. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 64.13. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 3 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -16. This is not a topping or bottoming area. The last signal was a sell 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.
There were no Aroon signals generated today. The last signal was a Buy 41 period(s) ago.
There were no MACD signals generated today. The last signal was a Buy 19 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 3 period(s) Ago.
The current market condition for SPDR S&P 500 is:
The close is currently Above it’s 200 period moving average.
The close is currently Above it’s 90 period moving average.
The close is currently Above it’s 30 period moving average.