• 925 days Will The ECB Continue To Hike Rates?
  • 926 days Forbes: Aramco Remains Largest Company In The Middle East
  • 927 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,327 days Could Crypto Overtake Traditional Investment?
  • 1,332 days Americans Still Quitting Jobs At Record Pace
  • 1,334 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,337 days Is The Dollar Too Strong?
  • 1,337 days Big Tech Disappoints Investors on Earnings Calls
  • 1,338 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,340 days China Is Quietly Trying To Distance Itself From Russia
  • 1,340 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,344 days Crypto Investors Won Big In 2021
  • 1,344 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,345 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,347 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,348 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,351 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,352 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,352 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,354 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Will the SPY Make It Past This 44 Week Resistance Level?

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.

SPY Index

 

Back to homepage

Leave a comment

Leave a comment