Spy moving down.
I have been following spy for quiet some time, and have not been able to time these moves properly so I personally have not invested in spy etf itself.
I drew some channels back in august of last year. Just breaking back into the channel, and with the fear currently going around. I only see down.
Red lines are fib retracements from the bottom of covid black swan to the top back in December 2021.
Took about a month for the bottom of the covid dump. Who knows how long this will go down.
But possibly July here comes great depression 2.0. or if some bounce happens September December area.
This is not financial advice.
I am not a financial advisor.
I do not have a position in SPY ETF.
These ideas/analysis are based on my opinions, and TIN FOIL theories I have for doom and gloom of history repeating itself.
I drew some channels back in august of last year. Just breaking back into the channel, and with the fear currently going around. I only see down.
Red lines are fib retracements from the bottom of covid black swan to the top back in December 2021.
Took about a month for the bottom of the covid dump. Who knows how long this will go down.
But possibly July here comes great depression 2.0. or if some bounce happens September December area.
This is not financial advice.
I am not a financial advisor.
I do not have a position in SPY ETF.
These ideas/analysis are based on my opinions, and TIN FOIL theories I have for doom and gloom of history repeating itself.
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