GET DAILY SIGNALSAfter the US Federal Reserve press conference, the indices continued to decline (SPY $408.02, -0.71%).
Our robots are reducing risks by opening shorts, but they mostly maintain many long positions. In case of further decline, the robots will begin to cut losses on long positions and increase short positions, as the risk of correction intensifies. It is evident that the Fed has reached the peak of interest rates, but since it has constantly been wrong in its inflation forecasts, it wants to make sure that inflation will decrease before announcing the end of the rate hike cycle.The markets are no longer expecting further rate hikes from the Fed, but it is clear that economic reports will now be in the spotlight and reactions to them will be strong.
Below are the key statements from the US Federal Reserve's latest meeting of the Federal Open Market Committee held in May 2023:
The Fed expects moderate economic growth in the US in the near future, despite a recent decline in inflation expectations.
The regulator acknowledges that the tightening of monetary policy had a stronger impact on the banking system than expected, but emphasizes that it was necessary to address the growing debt burden and stabilize the economy.
The Fed chief asserts that raising the debt ceiling is necessary to ensure financial stability in the US and urges lawmakers to take action.
The Fed intends to continue to lower inflation and bring it to the target level of 2%.
The US banking system remains reliable and resilient, and the regulator will continue to monitor its condition.
The labor market remains strong despite a slowdown in employment growth.
The US economy continues to grow, but some sectors are under pressure due to the tightening of monetary policy.
The Fed will continue to monitor economic indicators and take necessary measures to support financial system stability.
A decision to raise interest rates was not made, but the Fed does not rule out such a possibility in the future.
The regulator plans to maintain its restrictive policy to lower inflation, but will also consider changes in the economic situation and global conditions.
Contributor
Harry Richardson — Algorithmic Trader & Strategy Developer Harry is an algorithmic trader specializing in impulse and breakout trading strategies across cryptocurrency and equity markets. With more than 10 years of experience in developing automated trading systems, he focuses on building structured algorithms designed to capture momentum while maintaining strict risk control. His approach combines quantitative analysis, real-market execution, and continuous performance monitoring. Vitalii prioritizes risk management, drawdown control, and strategy stability over short-term optimization, ensuring algorithms are adaptable to changing market conditions. He has developed and tested hundreds of automated strategies, working extensively with live trading environments, forward testing, and portfolio-level algorithm management. His work centers on transforming trading ideas into fully operational, scalable automated systems.
SPY in upward trend: price expected to rise as it breaks its lower Bollinger Band on October 30, 2026
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 35 of 39 cases where SPY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +0.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 295 of 356 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
The Aroon Indicator entered an Uptrend today. In 362 of 419 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 49 of 70 cases where SPY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 70%.
The Momentum Indicator moved below the 0 level on October 29, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In 61 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on October 15, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 38 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 73%.
SPY moved below its 50-day moving average on October 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SPY crossed bearishly below the 50-day moving average on October 30, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
Category LargeBlend
Advertisement