Sorry I haven't posted in awhile, here's a quick analysis on SPY.
As mentioned from the last SPY analysis back in October 27, 2022 that we're still correcting in the market.
Now here's an update after finishing that correction in the market.
(#SPY) - Update, we're finally finishing this nice retest on SPY after breaking the downtrend.
We can drop more to $395 area but and if we hold there expect SPY to hit $427 next.
As mentioned from the last SPY analysis back in October 27, 2022 that we're still correcting in the market.
Now here's an update after finishing that correction in the market.
(#SPY) - Update, we're finally finishing this nice retest on SPY after breaking the downtrend.
We can drop more to $395 area but and if we hold there expect SPY to hit $427 next.
Note
Target hit on SPY $427Note
SPY's been pushing strong after breaking that bearish trend.If we hold above $454.50 we can push again and test $480 target next.
Note
We can hit $480 before EOYNote
As mentioned SPY will close near $480 end of 2023!Note
Quick update, we finally hit our main TP!I will wait until next week to post the next projected move for SPY
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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.