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MikeSpy

Looking at a possible SPY Correction for 2022-2024

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
MikeSpy  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis SPDR S&P 500 ETF (SPY) short
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trendanalysis spy short

It seems to me that we are very euphoric similar to the dotcom bubble (especially with all the vaporware scams of 2021), Basically infinite growth and stock market only go up seems to be the mentality these days.
I saw a shooting star on the month of November which to me is highly bearish but Santa came in and offered some respite although it is looking brief.
I am seeing a rolling top pattern starting to form and I feel that if we do not break clean into the upside it will begin the formation of a real bear market especially with rate hikes expected throughout 2022.


Just my opinion, what do you think?
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.