Unless SPY starts blasting through the 570-585 range early next week, we will be stuck going sideways. I thoroughly expect a lot of complacency in buying or selling and expect volume to shrivel without much push through to March 2025, in which case bear can start making a case and some kind of genuine rollover could occur in 2025.
My guidance : Unless SPY blasts through 600-620 range within the month, do not get bullish as sideways will be the recipe for the next 6-8 months, before we could start approaching a downtrend or legitimate correction.
My guidance : Unless SPY blasts through 600-620 range within the month, do not get bullish as sideways will be the recipe for the next 6-8 months, before we could start approaching a downtrend or legitimate correction.
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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.