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).Trade chiuso: obiettivo raggiunto
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.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.