Spy setup for next year bull run

24 thg 11, 2022

SPY has formed a downward channel and is getting ready for a breakout if next year's economic situation betters. No elections, downward interest rates and hopefully less inflation plus potential retail cash may push this up towards $500. Not to mention favorable technical setups, I'd be looking at some longer dated calls to scale in for the next coming weeks at the proper entry points.