SPY — still on the trend line, just quieter

Early last December I thought the  S&P 500 had shifted from an upward trend line to a sideways trading –I was wrong.   Things are clearly still on the long term trend line, the only difference being that the volatility has really dropped.    Volume has been low–clearly a lot of people are on the sidelines, like me, waiting for a correction.

SPY Trendline,  click to enlarge
SPY Trendline, click to enlarge


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