The Fed announced additional $2.3 trillion loans to support coronavirus-stricken-economy
The Federal Reserve launched an additional $2.3 trillion in lending program for small and mid-size US businesses as well as local governments, to support the economy amid COVID-19 pandemic.
On Thursday, the US central bank announced that it will pump upto $600 billion into small and mid-size companies, as part of its Main Street lending facility. It will work with banks, with latter required to keep 5% stake in the loans they originate or increase for the businesses under this program; banks can sell the remaining loans – roughly upto $600 billion – to the Fed. Loans will be directed towards businesses with upto 10,000 employees or less than $2.5 billion in revenue.
The Fed will also directly inject up to $500 billion into local governments, by directly buying municipal bonds with up to two year’s duration. This is for the states, the District of Columbia, counties with more than 2 million residents, and cities of more than 1 million.
The programs announced on Thursday will be backed by $195 billion in capital provided by the U.S. Treasury. That is only a portion of the $454 billion that Treasury was provided under the CARES act for new Fed programs
SPY in downward trend: 10-day moving average moved below 50-day moving average on February 23, 2026
The 10-day moving average for SPY crossed bearishly below the 50-day moving average on February 23, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 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 .
The Momentum Indicator moved below the 0 level on March 03, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on March 02, 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 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .
SPY moved below its 50-day moving average on February 27, 2026 date and that indicates a change from an upward trend to a downward trend.
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 of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 367 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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