SPY has been in an uptrend since October 2023. Support has always held on a weekly level. Should it fail to close in the channel on the weekly, then we may see a correction 9%-13%. Should it hold, we can target an additional 12%-18% upside. We will see how it unfolds.
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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.