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ritubpant

$SPY - A Mammoth of a Trendline (Started in 2009)

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ritubpant  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) sp500index S&P 500 E-Mini Futures
2
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trendanalysis chartpattern spy spx500 sp500index es1!
This trendline has acted as support since 2009 and we are now at support again. I do believe we will see a bounce here but will it keep the trend going that started in 2009, that remains to be seen. We can also see the support was broken and it did go above and retested it again. Unless things change drastically, I think this line will continue to act as support.
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