$Fire$ Eaters

[HighLo]

Part 1 #SPY long-term perspective.

Most don't realize that SPY is an ETF that has diversified into the top tickers of the S&P 500 and has one of the highest daily option volume. I've attached a 20-year monthly and a 6-month daily perspective chart to show how chart analysis can provide insight into the long-term trend of the SPY and its recent short-term volatility. Between 2011 to now the SPY has been in a steep upward price channel. This is why many #wallstreet experts feel the market is ready for a correction similar to the pps drop in 2008.

Note the really high MACD and its about to fall line from the MA. The ADX line is showing signs of faltering with a slow downtrending +DM as well. Not a positive sign of a market crash yet as CCI is still trending above 100.

https://instagram.com/p/0ycK2rq-_C/