November 21, 2024
We review the S&P 500’s SPDR ETF ($SPY) on a monthly chart highlighting a key long-term trend line connecting highs from May 2007 and December 2021, which is currently being tested by the recent all-time highs. We'll continue to monitor price action on lower timeframes to gauge potential breakout or reversal signals. This trend line, spanning 17 years, holds significant relevance and could offer insights into future market movements.
