Finding the bottom: SPY
I am currently calling SPY to bottom out in a few weeks around 355.
Looking at the futures I am seeing us moving in a nice channel and it looks like we may fall through it.
If we do we would end up going to around 350-355.
This location lines up really nicely from our first correction down in September, I think it would make for a beautiful bottom. I would really love to see it.
This is all opinion.
Lets see what plays out.
Looking at the futures I am seeing us moving in a nice channel and it looks like we may fall through it.
If we do we would end up going to around 350-355.
This location lines up really nicely from our first correction down in September, I think it would make for a beautiful bottom. I would really love to see it.
This is all opinion.
Lets see what plays out.
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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.