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ratchet-mint

SPY in the long term is looking to be touching resistance

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ratchet-mint  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance SPDR S&P 500 ETF (SPY) long-term
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supportandresistance spy long-term


  • The bull run in 2020 was nothing more than a massive false breakout caused by artificial juicing of the markets by the FED and GOV.
  • From long term perspective, we see that SPY is current at the top of its regular trading range that was set back in 2009.
  • There has been a few false breakouts above and below the trend since 2009
  • The is showing the support and resistance trend lines are spreading appart over time indicating the market is clearly getting more volatile as time goes on.
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