SPY gained 0.65% on Friday for its sixth straight record-setting advance. The Nasdaq Composite gained 0.6% to close at a record high, while the small caps IWM was up 0.85%
All 11 S&P 500 sectors closed in positive territory, with leader energy (+1.9%) and the laggard health care sector (+0.2%).
SPY has now broken through the weekly upper trend line.
If the re-opening trade finally kicks in, the trend will likely accelerate.
Medium term a 1.238 extension will target 367.5
All 11 S&P 500 sectors closed in positive territory, with leader energy (+1.9%) and the laggard health care sector (+0.2%).
SPY has now broken through the weekly upper trend line.
If the re-opening trade finally kicks in, the trend will likely accelerate.
Medium term a 1.238 extension will target 367.5