On September 3, 1929 the Dow Jones index hit an all-time high of 386.10 prior to starting the market collapse. Today, Market Makers took advantage of the inauguration by pushing the SPDR S&P500 ETF (SPY) upward to hit a high of 384.79. It is not a coincidence that the Dow’s 1929 high of 386.10 and today’s SPY high of 384.79 are less than 2 points apart.
Intermarket structural analysis research