SPDR S&P 500 (SPY): The S&P 500 ETF SPY continues to hold ma...

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annabelletrader

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annabelletrader

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Thursday, 01/19/2017 3:52:49 PM

Thursday, January 19, 2017 3:52:49 PM

The S&P 500 ETF SPY continues to hold major support. Today, we dipped again sharply but investors are seeing a buy program helping the market get back above a major support trend line. As long as this trend line holds, investors should maintain a positive view with more upside expected. Should the stock market (SPY) close below the line? All bets are off and there could be a large corrective move. Note the chart below.

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