Getting ripe for a swing, but major long-term resistance at ~198
See linked chart to understand why...
Just gonna keep watching major long-term resistance in linked charts...
...this chart also has a fib extension that complements the pitchfork.
SPY stopped on penny of upper pitchfork. Is it over ??? See related linked charts.
Wonderful gap ups and now an upward curving 50 SMA. But the 0.5 fib line is still in the way.
The upcoming potential quarterly MACDH cross could have an incredible effect, if/when it happens. Also technically aligning with trendline starting in early 1990s, fundamentally with company's capital restructuring progress and economically with inevitable start of next natural gas boom.