SPY has been declining since January 2022.
Updated
The performance of the Spy (S&P 500) has been declining since January 2022. The angle of decline ranges from -60 to -57 degrees, on average taking 61 days to reach the bottom. Based on this trend, I anticipate that by February 10th, the Spy will be valued at around $350, though it's important to note that this is just a prediction and not a guarantee. If the Spy were to break out of this downward trend/channel resistance, all previous observations would no longer be valid.
Note
The exact angles changes depending on your monitor size, but the trend remains the same
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