The SPY (S&P 500 ETF) serves as a key benchmark for tracking the performance of the S&P 500 index. Recent discussions highlight its volatility, noting a drop of over 30%, while the S&P 500 itself showed significant gains of 81.5% and notable declines and rises in comparison to various time frames. Currently, SPY remains under the 50 SMA on the 4-hour chart, signaling ongoing market uncertainties.
“my default's always the S&P, even though my personal benchmark is more tied to the NASDAQ.”
“I found for relative strength work, it's like the S&P is still the big daddy. Like that's what people typically benchmark themselves to.”
“I mean, KGC is a great example like versus the S&P like how often does a gold stock come under accumulation like this and look how this flagged it perfectly even though it's a gold stock.”
“the S&P went up 81.5% while Amazon stock was up 51.8%.”
“since our last piece on Grab, shares of the company have appreciated 39% compared to 44% for the S&P 500.”