On March 26 Spy was a confirmed downtrend and witnessed a major reversal. $SPY went from downtrending into a strong uptrend. Early weaknesses caused by inflation and uncertainty in the market faded as investor confidence returned. Strong earnings, from technology and AI companies, fueled buying. SPY broke above key levels and continued rising, gaining about 14% and confirming a bullish market trend.
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SPY underwent a major trend reversal | Analysis | Blossom Social
