THIS CHART SHOWS THE MARKET IS AT A CRITICAL JUNCTURE $SPY $AMZN $AAPL $FB $GOOG $AMD $GOOGL $DJIA $QQQ $IWM
These days it is fashionable for analysts to say they base their analysis on fundamentals and not on charts. But the chart is at such a critical juncture that even such analysts may want to take a look at it. Chart Please click here for an annotated chart of the S&P 500 ETF SPY, which is based on the benchmark S&P 500 Index SPX. Please note the following from the chart: • The market is right up against the resistance, as shown on the chart. • The volume is low. Based on traditional technical analysis, this is negative. • In recent