Over the last four months, instruments such as the SPY and UPRO have varied slightly from the S&P500 structure on an arithmetic scale. In this case UPRO had four points of contact on the way up from its low before moving through the lower trend line. The SPY had three. At this point in time the S&P500 has dropped out of its rising wedge and is expected to continue moving lower.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of http://StockCharts.com.
