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Trend Line Analysis At Its Best

This is why trend line analysis gets me excited!  Take a look at the break down yesterday on the SPDR S&P 500 ETF (NYSE:SPY) through the green trend line and the move lower.  Then note in the chart below how the markets gapped higher into that same break down trend line. At that exact price point, the markets fell and have now turned into a major down day in the markets.  Understand the levels and profit.  It is that simple.  Join the Research Center and Intra Day Stock Chat!

Gareth Soloway
Chief Market Strategist