When will SPY will have bottomed? I am looking at 13 year chart and drew straight red line.Based on how the SPY price over 13 years, it appears that price needs to move to red line support and there is possibility that it may go below the red line.
Since Feb 1st 2022 MAX resources is breaking out with higher volume. The accumulation was in the range of 15 to 20 cts during last half of 2021.
Target price is 60 cts in short term. The chart show where the downtrend ended and uptrend began. Look for lower low stops and then higher low starts.
