S&P 500 (SPY) and Nasdaq 100 (QQQ) both made major moves via technical analysis when broke through their declining trend lines on their respective charts. These trend-lines go back over a year, and this is the first time that these ETFs have managed to break through!

SPY ETF was saw price get rejected at its key declining trend line. The S&P 500 could not continue the rally with year long resistance overhead. In this video I provide my latest technical analysis on the SPY ETF and S&P 500.