$SPY Bullish Harami Points to $795+ by Year-End
📈 $SPDR S&P 500 ETF Trust(SPY)$ Bullish Harami Signals More Upside Ahead
Eight months ago, $SPY reversed from $630 and rallied all the way to $781 after forming a bullish Harami pattern.
Now, the same pattern has appeared again on the weekly chart.
Here's the setup:
🟢 Key support: $730
As long as $SPY holds above its 200SMA at $730, the bullish outlook remains intact.
🎯 Upside targets:
First target: $782
Next target: $795+
I see $795+ as a realistic target by year-end if support holds.
There could also be room for a much bigger rally if the war ends sooner than expected and the FOMC takes a dovish stance into year-end.
The $730 level is the line to watch. Hold it, and the path toward new highs remains open.
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