The stock market has been surging almost all year (2021). We have still not seen a big correction or a crash. The technical setup for spy is looking vulnerable and weak. If we dont see a big correction in 2022 I would be surprised. We are almost at the end of the rising wedge. Its matter of time once we break the trendline and go bearish. The fundemental factors are not looking good either with goverment printning so much money in 2021 that hyperinflation could kick in. Housing market also looking bearish.
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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.