• 1,228 days Will The ECB Continue To Hike Rates?
  • 1,228 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,230 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,630 days Could Crypto Overtake Traditional Investment?
  • 1,635 days Americans Still Quitting Jobs At Record Pace
  • 1,637 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,640 days Is The Dollar Too Strong?
  • 1,640 days Big Tech Disappoints Investors on Earnings Calls
  • 1,641 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,643 days China Is Quietly Trying To Distance Itself From Russia
  • 1,643 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,647 days Crypto Investors Won Big In 2021
  • 1,647 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,648 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,650 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,651 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,654 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,655 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,655 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,657 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Is the SPY Getting Into Blow-Out Territory?

The chart below shows the Weekly SPY going back to 2008.

Alan Greenspan expressed it well when he said the "best bang for the buck is a rising stock market" ... and so it has been. What about the natural ebb and flow economic cycles that we have seen in the past?

Note the pattern that the Weekly SPY chart is showing below. The pattern is called a rising wedge because it becomes narrower as the market moves higher. This pattern keeps moving up ... until it fatigues and breaks to the downside. This particular pattern historically has had sharp down moves when the pattern finally ends.

Weekly SPY 2009 to now

 

Back to homepage

Leave a comment

Leave a comment