SPDR S&P 500 ETF TRUST
Long

SPY Holding On To Major Support Line!

396
SPY is currently above a major support line. The white line shows that SPY is barely holding onto it's strong uptrend. I personally think SPY will slow go upward to around 465 zone, and attempt to retest all time highs before July. If we go under 430, SPY will continue to proceed in downtrend. The recession is on the horizon but I still think we have a few more weeks before the nightmare begins.

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