Monday, May 02, 2016

Chart Talk {S&P 500-Weekly Chart}


Here's that longer term chart of the S&P 500 ETF, SPY.  I like looking at weekly charts because they give you a longer term perspective of whatever you're researching.  Here you can see how far we've come since the 2009 lows, how we've stayed above trend {the red diagonal line you see moving higher from left to right} and that zone of resistance which I've shown here in yellow.  

Chart is from TradingView.com.

*Long ETFs related to the S&P 500 in client and personal accounts although positions can change at any time.