jenny_rebekka

S&P Hammers On Major Trend Line: If It Breaks, Big Move Down

AMEX:SPY   SPDR S&P 500 ETF
spy
196 0 7
spy
The S&P 500             is hammering on a major trend line as seen in the stock chart below. This is the same trend line of support that has seen the market hammer on it many times over the last few weeks. It has not broken yet... The more it hits, the weaker the trend line becomes. Will this be the time it breaks? If the S&P 500             breaks through this level, the target is 2000. Heads up.
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