TTM Squeeze Alert: SPY Primed for Big Move at $687.85
NeutralSPY (SPY) closed down 0.36% at $687.85 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($685.50) with a bullish stack. The 21-day EMA at $682.56 provides support.
Momentum
RSI at 62.8 is in neutral territory. MACD is bullish (3.23 vs signal 2.65).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $673.71, Resistance at $693.13.