The chart below shows the daily prices for the past year through January 8, 2021, for SPY, a large S&P 500 tracking ETF, after closing the week at $381.29. SPY is moving through an ascending wedge pattern, which means that after falling from an earlier high, the recovering pattern shows a tightening wedge shape. In…
Tag: SPY
SPY Chart – YTD Through July 2, 2020
The chart below shows the daily prices for SPY, an ETF that tracks the S&P 500 Index, after closing the week at $312.23 on July 2, 2020. SPY is up more than 43% from its intraday low on March 23, but has struggled since hitting a three-month high on June 8, nearly a month ago….
SPY Chart
The chart below shows the daily prices for SPY, an S&P 500 ETF, after closing the week at $325.71 on January 10, 2020. Last quarter, I pointed out the longstanding trading channel that was likely to offer support from the downside and suggested SPY would probably move back towards the upper trend line within this…
Two-Year SPY Chart
The chart below shows the weekly prices for the past two years for SPY, an S&P 500 index ETF, after closing the week at 288.57 on April 5, 2019. SPY has moved higher in a tight trading channel since its low on December 24, 2018. As of Friday’s close, the large-cap ETF rested at the…
SPY Chart – One Year Ending January 4, 2019
The chart below shows the daily prices for the past six months for the S&P 500 index, aka SPX, after closing the week at 2,531.94 on January 4, 2019. The S&P 500 fell 20.2% from its intraday high of 2,940.91 on September 21 to its intraday low of 2,346.58 on December 26. The technical definition of a…
SPY Chart – 3 Months Ending July 6, 2018
The chart below shows the daily prices for the past three months on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $275.42 on July 6, 2018. After a couple weeks of SPY hinting that it could roll over and have a healthy new mini-correction, it found its footing two Mondays…
SPY Chart Forecasts a Drop
The chart below shows the daily prices for the past year on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $254.37, on October 6, 2017. SPY has had an incredibly boring and strong 12 months, recording one of the lowest periods of volatility in the history of the S&P 500. Two…
SPY Chart – July 7, 2017
The chart below shows the daily prices for the past three months on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $242.11, on July 7, 2017. SPY retreated 2.0% from its intraday high of $245.01 set on June 9 before having a slight recovery and then dropping again. Even while setting a…
SPY Chart – April 7, 2017
The chart below shows the daily prices for the past six months on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $235.20, on April 7, 2017. The S&P 500 has edged lower since peaking at the beginning of March, but the chart shows it hasn’t rolled over yet. The two trend lines…