SPY 略微跌破短期趋势，但在夏季低点支撑位和长期均线处维持长期上升趋势；市场宽度有所改善，不过与 SPY 挂钩的 ETF 成交量处于历史低位。本周可能测试 7600 附近的 100 日均线；若该位置失守，支撑位在 7300 附近的 200 日均线一带（对应此前夏季低点）。
逐段跳播
考虑到市场广度和标普500指数的价格，我们注意到短期趋势出现了轻微破位，但该指数仍守住了自夏季低点以来的趋势支撑线所对应的长期趋势，以及部分长期移动均线。
Given the breadth of the market and the price of the Standard & Poor's 500 index, we note a slight break in the short-term trend, but the index is still maintaining its long-term trend at the trend support line from its summer lows, as well as some of its long-term moving averages.
因此，标普500指数中位于50日移动均线上方的股票占比改善至47%，位于200日移动均线上方的股票占比升至53%，此前曾触及2025年4月回调以来的最低水平。
Therefore, the percentage of S&P 500 stocks above their 50-day moving average improved to 47%, and the percentage of stocks above their 200-day moving average rose to 53% after hitting their lowest level since the April 2025 correction.
但值得注意的是，标普500指数在成交量非常低的情况下仍维持在这些水平。因此，如果用市场参与度的粗略指标来看，与标普500指数挂钩、被广泛关注的交易所交易基金的成交量仍处于历史低位。
But what is remarkable is that the S&P 500 is still maintaining these levels with very low trading volume. Therefore, if we use a rough indicator of market participation, trading volume in the widely followed S&P 500-linked exchange-traded fund remains at historically low levels.
不过，鉴于这种情况，如果本周测试100日移动均线，我不会感到意外，该均线略低于当前价格，约在7600点。如果测试该水平后未能守住，我们可能会在200日移动均线附近寻找更长期的支撑，接近此前夏季低点约7300点。
However, given this situation, I wouldn't be surprised if we tested the 100-day moving average this week, which is just below current prices at around 7600. If we test this level and fail to hold, we might look for longer-term support near the 200-day moving average, close to the previous summer lows around 7300.
这个频道对 $SPY 的历次判断
Schwab Network 在这只股票上共 5 条判断，这里只列相邻的几条。