Daily Observations 28 December
Modest decline from yesterday’s uptrend.
- $SPY declines 0.08% closing at $476.87; higher than the 30-day simple moving average and the 9-day exponential moving average.
- Relative strength index declines to 63.54; higher than our 60.35 resistance marker.
- Volume is flat at 47.2M; lower than yesterday.
Disclaimer: I am not a professional investment adviser and my opinions are based on my own technical analysis. Please consult an investment professional before making investment decisions.