The Long Investor

$SPY TOP 20

Added 2023-06-20 01:18:36 +0000 UTC

Moving quite aggressively over the last week and a half and we can see that the RSI is now, like $TSLA, at the same level it was when it reached its peak before coming crashing down at the top in December 2021.

However, the 50 and 200 Day MA's are confirming the positive trend and there is no indication that the 50 Day MA is looking like crossing the 200 Day MA right now.

The $SPY does not look as troublesome as the $QQQ now as the the majority of the $SPY's make up is not enjoying a run to the same extent as the Top 10 holdings in the $SPY, so there is somewhat of a trade off here.

The market has continued to be resilient here, is there a black swan event about to happen to derail the bulls, it is impossible to predict this so we must continue to let the chart guide us, for now, I see no clear catalyst that will get in the way of this upward trend for now.