Saturday, February 25, 2017

S&P Approaching Key Trend Line: Markets To Meet Major Resistance

The $SPY is quickly approaching a trend line shown in the chart below. Notice how it connects through all the highs extending back to the all-time high on the $SPY in May 2015. In other words, the markets are testing a level/trend line that began almost a year ago.

Truly epic and should cause a major battle between bulls & bears. The $SPY has rallied over 15% since the February 2016 lows in one of the biggest moves (in a short period) since the 1930’s.

Gareth Soloway

InTheMoneyStocks



[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]



| More

Comments are closed

Back to Top

Social Media Profiles

ADVERTISEMENT

BUSINESS NETWORKS

The New York Times logo CNN logo ABC logo CNBC logo