This channel on the chart of the SPDR S&P 500 ETF
Trust (NYSEARCA:SPY) shows traders and investors something amazing. It gives precise insight as to when the the markets will break down. Please note how both trend lines
are perfectly parallel to each other. To discover when a major break down is coming, simply look for the break below the channel. As soon as that happens, the market will sell sharply. Look for the SPDR S&P 500 ETF
Trust (NYSEARCA:SPY) to drop sharply following that break to a level of $188.50. The SPDR S&P 500 ETF
Trust is trading at $191.78 currently.
Chief Market Strategist