S&P 500 Just had one of the Best Month

INNO
Monthly SPY

Despite the COVID-19 crisis, after one of the sharpest and the fastest drop in March, S&P 500 had the best month in the last thirty years recovering over 30% from the recent bottom. The bounce was mostly lead by NASDAQ tech giants. Bullish monthly candle.

Technical

Daily SPY

S&P500 ETF (SPY) continues to form the bearish rising wedge, MACD continues to tighten and looking to spill over although it could change anytime. Daily RSI has plenty of room either way and Stoch is continuing to ride the overbought territory.

 

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