BradMatheny

SPY Nears $425~$430 Target Level (Top)

Panjang
AMEX:SPY   SPDR S&P 500 ETF TRUST
Have you been following my research?

If so, you already know my research predicted the SPY would attempt to reach $425~$430 before attempting to form a top/peak.

Now that we've reached $425+, it is time to really start protecting your long positions and preparing for the "rollover-top" that will setup over the next 2~4+ weeks.

By my estimate, the SPY will top before June 15 (roughly) - forming a sharp peak, then rolling into a sideways (FLAG) price trend.

Eventually, the downward price trend will setup - moving the SPY back to the $395~$404 price area. This base/bottom will happen between August/September 2023.

Are you ready for what's next?

Use my research, my custom SPY Cycle Patterns, and all of my tools/algos to help you become a better trader.

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.