Based on my Daily chart of the SPY, this is what I see in the coming year. Right now I see a monster pennant that I believe will morph into a descending channel based on unfavorable news and unstable markets. I believe the retracement will end at the yellow line which will trigger the bull break out. Just my two cents...
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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.