- SPY stays bullish near all time highs.
- SPY is above every moving average.
- The 50 day SMA continues to slope upwards.
- The volatility on the average trading range continues to fall to 1.21.
- The MACD is under a bullish crossover.
- The RSI is at a bullish 64.61 with more room to run until it is overbought.
- Short term odds favor more sideways movement before higher to build a price base and work off the higher RSI.
- Volume has declined into the recent run to all time highs.
- The rally in energy $XLE last week helped $SPY make new all time highs. (6% energy allocation in SPY).
- VIX is at a historically low 9.59 showing a lack of fear in the markets even with the North Korea rhetoric.
Very bullish current chart patterns here. I am currently long small caps, energy, tech, and $AAPL.