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Vanguard S&P 500 ETF

S&P 500 in trouble if it does not hold

By Dr_Roboto
Looking at the 2 major channels for the S&P 500 (note this is on VOO which is a few dollars off of SPY or IVV, but trends are same), you can see that it is currently below the blue channel that it has used over the last few years. I pointed out the obvious places where it has used if for support. IMO, if the S&P below this channel this week, then a lot more downside is coming and the super bull market of the last 2 years is dead. The next obvious place to fall is the center line of the black channel.

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Chart PatternsDJIIVVNASDAQ 100 CFDQQQSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis
Dr_Roboto

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