Daily SPY (US500) Outlook - Prediction (11 NOV)
📊 Market Sentiment
The market is turning bullish following the potential resolution of the U.S. government shutdown, along with the proposed $2,000 incentives for U.S. citizens. These factors could create strong inflows into equities and improve short-term sentiment.
📈 Technical Analysis
Price moved sharply higher on Monday, reaching the 681 level as expected (see my previous SPY outlook). The 681 level remains a strong resistance zone, and we have already seen a rejection from that area.
📌 Game Plan
In my opinion, the market may turn short-term bearish today. After rejecting 681, the price could target the 675 level and possibly though not necessarily reach 671.5.
My plan is to short the market toward 675 and observe if a bounce occurs. If it does, I will look to buy calls, expecting a move toward new highs around 685.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
📊 Market Sentiment
The market is turning bullish following the potential resolution of the U.S. government shutdown, along with the proposed $2,000 incentives for U.S. citizens. These factors could create strong inflows into equities and improve short-term sentiment.
📈 Technical Analysis
Price moved sharply higher on Monday, reaching the 681 level as expected (see my previous SPY outlook). The 681 level remains a strong resistance zone, and we have already seen a rejection from that area.
📌 Game Plan
In my opinion, the market may turn short-term bearish today. After rejecting 681, the price could target the 675 level and possibly though not necessarily reach 671.5.
My plan is to short the market toward 675 and observe if a bounce occurs. If it does, I will look to buy calls, expecting a move toward new highs around 685.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
Pesanan dibatalkan
The market built strong momentum after a brief retracement. The Dow Jones carried the entire market higher. All time highs soon in my opinion.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.