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



May 29, 2014 – Comments (1) | RELATED TICKERS: SPY

his 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 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



1 Comments – Post Your Own

#1) On May 29, 2014 at 8:33 PM, awallejr (39.10) wrote:

Gareth haven't you been saying the market will crash for years now?  Why then do we keep making new highs?  The market will sell hard if we go into recession. End of story.  So if the 2nd quarter for GDP is negative then I will be concerned.  Stop misreading squiggly lines.  You have been wrong for YEARS.  If people followed your advice over the years they lost money.  If they listened to me over the years they made money.

One difference between me and you is I don't SELL anything,

Stop scaring people. I know where your mistake is and you refuse to accept it.  You are viewing this market as cylcical when it is secular.

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