$SPY Momentum is slowing

Daily Chart

• Price may have peaked
• Tenkan Sen (blue line) and Kijun Sen(red line) are flattening which implies that momentum is slowing
• RSI is declining supporting momentum change
• Leading Kumo is slanting sideways confirming that upward momentum has slowed
• Please note that SPY is still bullish until it turns bearish

Conclusion: Investors should tighten stops to protect gains.