This weekly 10:30 chart of SPY shows the trend of the market. Until the 10 week average rises above the 30 week average, the down-trend persists. Look at the pattern in 2021. Note the close (gray line) below both averages leading them down.
Stock Market Technical Indicators & Analysis
This weekly 10:30 chart of SPY shows the trend of the market. Until the 10 week average rises above the 30 week average, the down-trend persists. Look at the pattern in 2021. Note the close (gray line) below both averages leading them down.