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.
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Here we go.