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$SPY Long Term Chart - Possible Downtrend Breakout

Por Triple_Barrel_Capital
SPY Long Term Chart - Possible Downtrend Breakout

Not a recommendation, just an observation.

This could be the beginning of a new long term uptrend - though it's dependent on a lot of different macro & geopolitical factors in the next 3-6 months. (i.e. inflation readings, FED actions, war in Ukraine, etc)

Q1-Q2 2023 could begin to see a rotation out of defensive/value stocks and back toward growth stocks.

Possible SPY breaks $500 mark by year end. (long-shot)


*This is NOT financial advice. Opinion only.
Chart PatternsmacroS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
Triple_Barrel_Capital
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