SPY has been sitting in a very reliable channel for months, but it looks like it's about to break.
There's been more real negative catalysts lately than ever. Inflation, tapering, multiples, are all very real. Markets never gave a fuck about covid and why should you? The only reason covid "hurt" the market was from government mandated lockdowns which were proven ineffective and unconstitutional.
The market is finally caring about real issues. Watch out below.
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