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SPDR S&P 500 ETF TRUST
Long

SPY 35%+ Aggressive 2021 Target. Breaking 6 year resistance.

1354
The trendline that has rejected the bull run for 6 years in qqq was broken in the DEC 2020 rally. 2021 Has currently opened by testing this break. Any push away from this line would signal stronger (more parabolic) price action during the coming year. Even though many stocks rallied over 50-100% from their 2020 lows. The yearly gains for most were more around the 15-30%. Some sectors did not reach even that. I expect that 2021 could beat those annual return numbers by producing a 35%+ year for SPY.
SnarkyPuppy
Fibonacci ExtensionSPDR S&P 500 ETF (SPY) Support and ResistanceTrend Analysis

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Fibonacci ExtensionSPDR S&P 500 ETF (SPY) Support and ResistanceTrend Analysis
SnarkyPuppy

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.