What Has Been the SPY's Pattern During the Past 5 Years?

By: Marty Chenard | Mon, Feb 9, 2015
Print Email

This chart shows the SPY's action since 1995.

What can be seen on this chart?

First, is that the SPY has made a higher/high.

Second, is that the current move since 2009 has been a "rising wedge pattern". Note what happens on a rising wedge pattern ... the resistance and support lines converge on each other while putting a squeeze on the underlying equity. The ticks have a smaller range of travel until the underlying equity has a break out which is typically to the downside, so be very careful.

Weekly SPY Chart: 1995 to Now



Marty Chenard

Author: Marty Chenard

Marty Chenard
Asheville, NC 28805
Tel: 828-296-1200

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.

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2017 Marty Chenard

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com