We all know that the current up-trend in the SPY has been strong since Mar'16. There might be a slight degree of degradation at this time, but not much.
Of course, MIPS remains relatively positive
- see the MIPS Strength Indicator (MSI) immediately below.
- this is a combo of some of the best MIPS technical indicators and math algorithms.
- the black arrow from the bottom on 7/12/2017 identifies the last trade for some of the MIPS models.
Here is what today's trend looks like from a technical perspective.
Note: Almost perfect, low volatility "Up -Trending' EMAs (50-100-150-200-Day EMAs)
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