The SPDR S&P 500 ETF Trust (SPY) is starting to run into a previous high and all eyes are on it for signs of the bear to return.
But if the SPY can hold up and even go sideways like the SPDR Dow Jones Industrial Average ETF Trust (DIA) did, then that can be considered strength and a green light for other tickers that are ready to move up.
Of course things can change, but a lot of stats point to a strong year if January is positive following a down year. Here’s more on what I’m seeing:
Can the market hold up and move higher this week? More outside influences and now earnings season reports are influencing price action. How do you trade a market with this level of uncertainty? Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in the volatility. Join us as we track the profit opportunities!
Your Profit Pilot, TG