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CosmicDust

SPY update - similarities to Oct 2007 peak - 3/6/2015

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
CosmicDust  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY)
4
16
spy
This chart compares now and Oct. 2007:

. similar rising wedge exhaustion.
. similar RSI down channel.
. similar SPY/VIX downward ratio.

All in all, I think we should be extremely careful if ever pink supports break.




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