SPY Trend Analysis

• SPY has been in a long-term uptrend, with two major corrections (2022 & 2023) that touched the primary trend line before recovering.
  
• The most recent bullish channel (late 2023 - early 2024) has broken downward, indicating a short-term pullback.
  
• SPY remains bullish in the long-term as long as it stays above the primary trend line (~$500).
  
• Short-term correction might continue toward $550 before resuming the uptrend.
  


⚠️ Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions.