SPY Down 0.221% On Wednesday 25, 2024
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The SPY ETF experienced a modest decline of 0.221% on Wednesday, September 25, 2024, closing at $570.04.
Intraday trading saw a fluctuation of 0.524%, with a low of $568.91 and a high of $571.89. Over the preceding two weeks, the ETF’s price has increased on seven of ten trading days, accumulating a gain of 2.82%.
A decrease in trading volume accompanied the price drop, which could be interpreted as a bullish sign. The total volume for the day was 33 million shares, down from the previous session, representing approximately $18.90 billion in trading value.
Technically, the ETF remains near the upper boundary of a short-term uptrend. This positioning might present a potential selling opportunity for short-term traders, as the price could pull back towards the lower end of the trend.
However, a break above the $571.30 resistance level could indicate a stronger upward momentum.
