A SPY ETF Trade Source: The thinkorswim® platform from TD Ameritrade The improving backdrop has to contend with a price chart that remains messy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The S&P 500 ETF (NYSEARCA:SPY) just gained 1% for the third day in a row amid hopes the Federal Reserve will succeed in curbing inflation while keeping the economy humming. The million-dollar question is whether this week’s rally will finally put a sustainable bottom in place for the SPY ETF.