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SPY: Unexpected Quarter Ending Weakness

Published 04/01/2015, 04:25 AM
Updated 07/09/2023, 06:31 AM

“Some make it happen, some watch it happen, and some say, ‘What happened?’” Anonymous

A bit of weakness at the end of the quarter isn’t really what I expected but a new month brings in new money so we should see some buying emerge to close out the week.

It is a short week with markets closed Friday.

SPY Daily Chart

SPDR S&P 500 (ARCA:SPY) still looks to have put the low in for now.

I may have to sell some positions tomorrow if we don’t see strength but let’s just see.

Such low volume is a bit odd these days but whichever big break we get soon should see large volume return and make the move last.

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