SPY making multiple All-time-highs this months, touching the upper bounds of the Bollinger bands, RSI near over-bought territory. There could be reasons to believe this bullish trend will continue uninterrupted. However, some of the points to consider that might call for a reversal.
* SPY all-time highes coinciding with increase in 10 year rates from last month lows, even after recent reports of more than expected CPI recorded.
* latest rally seeing buying in defensive sectors like Consumer Staples, which could be potentially mean smart money moving out of growth sectors
* SPY all-time highes coinciding with increase in 10 year rates from last month lows, even after recent reports of more than expected CPI recorded.
* latest rally seeing buying in defensive sectors like Consumer Staples, which could be potentially mean smart money moving out of growth sectors