SPY 35%+ Aggressive 2021 Target. Breaking 6 year resistance.
The trendline that has rejected the bull run for 6 years in qqq was broken in the DEC 2020 rally. 2021 Has currently opened by testing this break. Any push away from this line would signal stronger (more parabolic) price action during the coming year. Even though many stocks rallied over 50-100% from their 2020 lows. The yearly gains for most were more around the 15-30%. Some sectors did not reach even that. I expect that 2021 could beat those annual return numbers by producing a 35%+ year for SPY.
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.
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.