SPY end of 2022, into 2023
if 370 holds and we bounce into January as I have stated, the potential for a head and shoulders pattern develops. The target would be around 340-330 on SPY into February. Just putting it out as a possibility. I do think the next larger leg down will be a bottom for 2023, and a rally or at least choppy sideways action will occur for the rest of the year. I'll be curious to see how this chart plays out, just using it as a larger map which I will refer to in the future. Good luck and happy new year!
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