S&P 500 ETFs Test Support at Pattern ‘Neckline’ | Page 2 of 2 | ETF Trends

Other technical analysts point out that the S&P 500 is breaking the support trend line from the March 2009 low.

“The next few days will be absolutely pivotal. A head-fake break down and a continued move up is definitely an option,” writes the HCPG blog.

SPDR S&P 500 ETF (NYSEArca: SPY)