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Bull-Trend End? 2 Tickers To Watch

Published 01/13/2016, 02:00 PM
Updated 07/09/2023, 06:31 AM
US500
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SPY
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RSP
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There is a simple method to use to determine the potential for an end to the current bull trend.

It involves watching the price and breadth of the S&P 500 for the remainder of the month via two widely used ETFs traders and portfolio managers utilize for management and technical analysis.

One is the SPDR S&P 500 ETF (N:SPY), representing price via market capitalization weight.

The other is the Guggenheim S&P 500 Equal Weight ETF (N:RSP), representing breadth via equal weight.

Below are the prices to watch for after the close at the end of the month.

SPY

  • Critical Support: $190.50
  • Long-Term Trend Line: $171.23

SPDR S&P 500

RSP

  • Critical Support: $73.24
  • Long-Term Trend Line: $69.03

Guggenheim S&P 500 Equal Weight

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