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Parallel channel resistance (1994 - present)

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Parallel Channel Economic Cycles Support and Resistance SPDR S&P 500 ETF (SPY) spyshort spy500
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parallelchannel economiccycle supportandresistance spy spyshort spy500
A single reason not to be long at present levels: ascending parallel channel resistance on the long term monthly chart.
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