InTheMoney Stocks
Short

When This Line Breaks, Markets Sell Hard: S&P 500

AMEX:SPY   SPDR S&P 500 ETF
266 2 6
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.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
TheArcher
2 years ago
Or it fills the gap and bounces off other tend lines. More work is needed for this to be a meaningful chart.
+1 Reply
elcololp
2 years ago
haha nice
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