What is the current trend on spy in the last 30 minutes to an hour

The current trend for SPY over the last 30 minutes to an hour is as follows:

1. **Recent Performance**: The SPY has been trading in a long-term rising channel pattern, which is considered bullish. On Wednesday, it was bouncing up from the lower trend line.
2. **Optimism and Surge**: There is persistent optimism that the Federal Reserve will cut interest rates this year, which has caused the SPY to surge 10% in the first three months of 2024.
3. **Technical Analysis**: From a technical analysis perspective, the market ETF is respecting the upper and lower ascending trend lines of a rising channel. On Tuesday and Wednesday, the SPY tested the lower trend line and bounced up from the area.

In summary, the current trend for SPY over the last 30 minutes to an hour is bullish, with the ETF respecting a rising channel pattern and bouncing back up after testing the lower trend line.