$SPY and the all US stock market is suffering from economical downturn. The only reason we are still positive for the year because of all time record Corporate buyback (its 105% now), when companies borrow movie (maybe with negative interest rate) to buy back their stock.
We crossed the uptrend trendline once , retried to reclaim 50SMA and will continue the downfall.
We crossed the uptrend trendline once , retried to reclaim 50SMA and will continue the downfall.