SPY & IWM are building up some buying pressure

PeterDiCarlo
04-17

1. $SPDR S&P 500 ETF Trust(SPY)$

Price action looked ugly today… but the BX Trender is still holding 🟢.

We’re not making higher highs yet, but there’s still a chance we push to fill the gap near $560 in the coming weeks.

If that fails, watch for the BX to flip 🔴. That’s your signal sellers are back in control — and we likely retest the $500–$490 zone, right at the monthly market bias.

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2. $iShares Russell 2000 ETF(IWM)$

IWM building up some buying pressure

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