U.S. business groups encouraged by potential for trade deal with China
U.S. business groups say they are encouraged by China's approval of a new law that loosens restrictions on foreign investment and said it could help smooth the way to a working trade agreement between the two countries. China's legislature passed a measure that would prevent Chinese officials from forcing U.S. and other foreign companies to turn over proprietary technology, a key issue in the current tug of war between the two countries.
The U.S. has imposed tariffs on $250 billion worth of Chinese goods in an effort to force changes to a range of China's economic policies. China has retaliated by putting duties on most U.S. imports. "It's one of those confidence building measures," Erin Ennis, senior vice-president of the U.S.-China Business Council, said of the move by Chinese legislators. It suggests "the two sides are talking the same language."
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Momentum Indicator for SPY turns positive, indicating new upward trend
SPY saw its Momentum Indicator move above the 0 level on September 21, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned positive. In 66 of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at 87%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on October 02, 2026. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in 43 of 52 cases over the following month. The odds of a continued upward trend are 83%.
SPY moved above its 50-day moving average on September 17, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +1.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 301 of 362 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
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 75%.
SPY broke above its upper Bollinger Band on October 06, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SPY entered a downward trend on September 21, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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