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SPDR S&P 500 ETF TRUST
Long

If SPY Breaks Above $410 - we could see $420+ very quickly

110
Breaking above the $410 resistance level could be a very big sign that bullish price trending is building momentum.

Ultimately, I don't believe the SPY has enough momentum to get above $440~450 in 2023 - but I could be wrong.

I do believe we will move into a bout of sideways congestion after Q1:2023 - and slide into a period of complacency.

Near the start of Q3:2023, I believe we will see the bullish price trend resume - likely starting a push towards new all-time-highs again.

We are certainly living in interesting times.

If you are not following my research - please take a minute to review my posts/comments.

Here we go.
BradMatheny
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Beyond Technical AnalysisESTechnical IndicatorsinvestingNQQQQS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) StockstradingTrend Analysisym

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Beyond Technical AnalysisESTechnical IndicatorsinvestingNQQQQS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) StockstradingTrend Analysisym
BradMatheny
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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.