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Saturday, April 12, 2025 10:09:29 AM
SPY (SPDR S&P 500) Weekly Analysis
By: TrendSpider | April 12, 2025
🔸 The SPY ETF closed the week at $533.94 (+5.71%) after reversing at the key 2021 high pivot. The RSI hit its lowest level since 2022, triggering a bright green signal on the Combined RSI Ensemble Indicator, which indicated deeply oversold conditions across three lengths. The sharp bounce that followed suggests a potential short-term bottom is in place—for now.
DiscoverGold
By: TrendSpider | April 12, 2025
🔸 The SPY ETF closed the week at $533.94 (+5.71%) after reversing at the key 2021 high pivot. The RSI hit its lowest level since 2022, triggering a bright green signal on the Combined RSI Ensemble Indicator, which indicated deeply oversold conditions across three lengths. The sharp bounce that followed suggests a potential short-term bottom is in place—for now.
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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