- The recent breakdown from the steeper uptrend could lead to a pullback to $550-$530.
- If SPY holds above $550, it may recover towards $580-$600.
- A break below $530 could signal a deeper correction.
- As long as SPY holds the primary trend line (~$520), the bullish uptrend remains intact.
- If it reclaims $600+, it could aim for new all-time highs above $620+.
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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.