POPA ReconBTIG WARNS OF “BUYER EXHAUSTION” IN SPY
BTIG WARNS OF “BUYER EXHAUSTION” IN SPY BTIG flags a potential buying-climax signal after SPY posted at least six consecutive gap-ups into a 52-week high, followed by a gap-down of more than 40bp. The setup has occurred three times recently — July 2024, August 2025 and October 2025 — followed by immediate peak-to-trough declines of 9.7%, 3.0% and 5.4%, respectively. (@WalterBloomberg)
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