SPY at a cross road
Not sure if this going to happen but let just see
since the 2011 SPY has had a smooth sail even through March 2020 correction it followed the upper trend line and slowly going at an angle with a decent gain but now the upper trend line has broken it went up straight into a steep angle. To respect that long-term move, at some point in the future a correction of 14-15% is going to happen in SPY if that happens sooner the correction will not turn into a crash. But if it is still going up then I believe this could turn into a nasty 20%+ pullback and sending SPY into a bear market.
Fed pulls back from the market, slowing economy in 2022 all could send this back to the normal trajectory of the spy but that to happen SPY has to pull back/correct/crash.
since the 2011 SPY has had a smooth sail even through March 2020 correction it followed the upper trend line and slowly going at an angle with a decent gain but now the upper trend line has broken it went up straight into a steep angle. To respect that long-term move, at some point in the future a correction of 14-15% is going to happen in SPY if that happens sooner the correction will not turn into a crash. But if it is still going up then I believe this could turn into a nasty 20%+ pullback and sending SPY into a bear market.
Fed pulls back from the market, slowing economy in 2022 all could send this back to the normal trajectory of the spy but that to happen SPY has to pull back/correct/crash.
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