SPY breaks another upward trendSPY has broken two upward trends in this recent rally giving less momentum each time it breaks
Ended old upward rally on Sept 23, going into new rally with reduced momentum
The latest rally has now been broken again
MACD very close to going into a bearish sell off
RSI breaks below the 50 line
We may expect SPY to trade flat for a little bit of time in the distribution phase of its rally cycle, before the bears take hold.