How’s that SPY breadth going?

Monica Kingsley Monicakingsley

Yesterday‘s S&P 500 session was beaturiful from intraday perspective – opening rip followed by heavy selling to short into, and break of 5,895 not quite reaching 5,865 – still good for +24 ES pts delivered to clients. Geopolitics (Iran) facilitated upswing through 5,915 then – the dollar woes (inability to reclaim 100-101 still) go on, but clear winners are precious metals just showing continued tariff sensitivity (uncoupled from 10y yield).

Apart from the gains potential, I would pay attention to the picture volatility and market breadth are painting.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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