TopgOptions

SPY S&P 500 ETF Price Target for 2023

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
After an extended Santa Rally, which reached all the Elliot Waves Price Targets:

I think we will see an earnings recession in the first two quarters and SPY S&P 500 ETF will test the October 2022 low on a Double Bottom Chart Pattern.

Then it will rally to $431 by the end of the year!

Looking forward to read your opinion about it.

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.