This chart is of 5 year weekly relative timing. The SPY begins to top out over the last 5 years at 1.22. Currently at 1.11, indicating the index has more room to the upside.
SPY is about to and likely to break above the yearly high to a new high. Resistance can be found at the 117 level, or 200 day on weekly. Notice the Standard Deviation bottom box on the chart. Currently SPY is within its mean price range; indicating no top yet.
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