SPY – Medium-Term Risks Building, But Can Rally Near Term

posted in: Credit, Economy, Equities, Technicals | 0

On the weekly chart, SPY remains grossly overbought, but near term there is room to rally – duration and magnitude notwithstanding.  Options can help. US core PCE (personal consumption expenditures) increased 1.96 percent year-over-year in May – essentially two percent.  … Continued