nothing fancy, just trying to identify past and future resistance point , based on past high and lows, and also long term trend.
Tracing a line from the 1998/1999 highs , it's seems that the SPY has reached a resistance point (RED)
The green is based from the 2003 lows.
Tracing a line from the 1998/1999 highs , it's seems that the SPY has reached a resistance point (RED)
The green is based from the 2003 lows.