That will be "THE question" within the next 10 trading days.
Specifically, here is the real question: Will the SPY be able to rise above
its 2008 to 2012 resistance line seen on its weekly chart?
That chart is shown below, and it is now obvious how close we are. Since each
bar represents 1 week on this chart, we are "within" 10 trading days of testing
that multi-year resistance. In fact, the odds are very high that this week
could be the week that this resistance level is tested.
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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