AMEX:SPY   SPDR S&P 500 ETF TRUST
The recovery of the Indexes is so strong that, in a repeat of January's exuberance, they have broken out of their 2-Year range again, and Nasdaq has even broken through my predicive Downtrend Line. Does this indicate an emerging stronger uptrend than the 2-year? I think we should, instead, expect that the three Indexes are now hitting a peak. After a peak comes a down-swing.

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.