Get started
ratchet-mint

SPY in the long term is looking to be touching resistance

Short
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
0
0
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.