SPDR S&P 500 ETF TRUST
Long

SPY/SOXX

76
-Manufacturing PMI < 50
-Expect Semiconductors to under perform the market.
-Sector roatation out of cyclicals.

Cons:
-Still in a downtrend.
-No moving average momentum.
-No trendline breakout.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.