SPY Monthly Resistance at 213
213 has been overhead resistance for 7 months now. The support line from the monthly opens in March 2009 and October 2011 seems to have turned into resistance now as well. Looks like a test of the 2007 peak at around 160 could be on deck over the next year. This translates to about a 25% correction. (Long Term Investment Perspective) MACD has crossed over as well.
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