Given the High in Feb25 at 619.22 ; the Low in Apr25 at 481.8, we have the following Fibon* extension targets
Target 0.382 = 681.51 Fair
Target 0.618 = 723.09 Expensive
Target 0.764 = 750.07 Overextended
In case SPY reaches 750.07 and declines afterwoods the correction can reach :
Target 0.618 = 570.55 Oversold
Target 0.382 = 633.38 Fair
In case SPY reaches 723.09 and declines afterwoods the correction can reach :
Target 0.618 = 562.63 Oversold
Target 0.382 = 619.20 Fair
SPY is likely to reach 681.51 in this Wave which we label Elliott Wave 5
Given the fair targets of the upcoming corrections at 633.38 or 619.20 it makes little sense to buy, unless one seeks to catch the latest upward move
It is not possible to predict how long this wave with last and how much time it will take to reverse
*calculated with the natural logarithms of datas
Target 0.382 = 681.51 Fair
Target 0.618 = 723.09 Expensive
Target 0.764 = 750.07 Overextended
In case SPY reaches 750.07 and declines afterwoods the correction can reach :
Target 0.618 = 570.55 Oversold
Target 0.382 = 633.38 Fair
In case SPY reaches 723.09 and declines afterwoods the correction can reach :
Target 0.618 = 562.63 Oversold
Target 0.382 = 619.20 Fair
SPY is likely to reach 681.51 in this Wave which we label Elliott Wave 5
Given the fair targets of the upcoming corrections at 633.38 or 619.20 it makes little sense to buy, unless one seeks to catch the latest upward move
It is not possible to predict how long this wave with last and how much time it will take to reverse
*calculated with the natural logarithms of datas
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.