KrunchieKilleen

S&P, DOW, NASDAQ: MONITORING THE DOWNSWING

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
7
S&P 500 and DOW 100 reached a peak on 1 Mar 2017, ending a charge that ommenced last November. The trend-line, "Long-term down-slope," indicates the possible top of the down-slope of the potentially-emerging Bear Market. If so, there will be upswings and downswings within this down-trend. The "Indicative Resistance LIne" indicates a possible marker (Resistance Line) by which the end of the current down-swing can be guessed. In other words, if this line is breached in the near future (by SVP and/or DIA), I will judge that the present down-swing is over. Nasdaq rises and falls farther than the other two. It will be interesting to see if it will now take a real plunge.

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.