SPY is bullish as long as it stays above or in the blue channel
- initial target 480 by as early as 1/5 (1/19 latest)
- Goal target 500 by 2/21/2024
We haven't seen this kind of move since November 2021, the shallow retracements are actually a bullish sign, not an indication of over-extended.
Once this makes it to 500+ it will begin a distribution phase before ultimately tanking in April-May of 2024. But for now it's bullish after competing a re-accumulation phase over the past couple weeks.
- initial target 480 by as early as 1/5 (1/19 latest)
- Goal target 500 by 2/21/2024
We haven't seen this kind of move since November 2021, the shallow retracements are actually a bullish sign, not an indication of over-extended.
Once this makes it to 500+ it will begin a distribution phase before ultimately tanking in April-May of 2024. But for now it's bullish after competing a re-accumulation phase over the past couple weeks.
Nota
Next leg to 480 about to initiate going into the close today. Enter longNota
big green tomorrow 12/28Nota
Will follow black arrow up to 500 from hereNota
1 more month of free and then I'm charging. You can't teach thisNota
Bullish as long as we stay in the dashed blue channel. 2/13 held as support - expecting immediate bounce 2/14-2/16. Rough estimate this will run through mid-march 2024 (point target 512).Dagangan ditutup: sasaran tercapai
If SPY makes a sustained break below 495 it will drop to 480s minimum, possibly as low as 459 to test the July peak for support.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.