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.
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Target hit on SPY $427
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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.
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We can hit $480 before EOY
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As mentioned SPY will close near $480 end of 2023!
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Quick update, we finally hit our main TP! I will wait until next week to post the next projected move for SPY