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Assessment: SPY $510 held on the highest volume day of the year in 2024. Could it be a capitulation day providing a short term relief rally…it does have the hallmarks.
One the Path Predictor table, the momentum remains down, the trade from when the table moved from NEUTRAL to SHORT is now in the profit +6.33%. However, the short term technicals have moved to NEUTRAL on the Path Predictor table (link above).
Chart: https://sblk.io/s/R6BecRI7SmCJTLD
Good luck in your trades!