S&P 500 IndexLong
SPY end of year outlook
After hitting the target of 5600, we peaked just days later. Whether this correciton is over or not depends on how it holds the 200D MA at 5048. Bullish divergence on the Daily suggest a trend reversal for more upside. The VIX experienced a 7 sigma event suggests its probably over as well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.