SPY Prediction Update and New Prediction.
Good Afternoon Traders,
I hope all of you are having a great holiday and were able to benefit from my previous predictions, which turned out to be pretty close to perfect.
Today, I'd like to make another prediction. We're still in a Ranging Market. It looks like it will only last another few weeks, but who knows, really. I've created 2 new prediction range boxes. We are getting a little more Bullish, but by no means are we in a Bull Market.
As I said before, we will likely be hugging the 200MA until we have a clean break. Still a lot of unknowns at the moment continuing to feed into creating this Range.
I expect some short term bearish PA followed by bullish recovery in the very short term.
Check out my previous posts referred to above:
Original Prediction:
Febuary:
Clearer image.
March:
Last March Post:
As you can see In the chart above, the bullish continuation did, in fact, break through from that fib marked on the chart in this post; it moved up to the top fib, which is now approximately the red one on this current chart (462).
Clearer image of current chart:
If you enjoyed/appreciated this post: Please like, subscribe,follow, support website, etc.
Best Regards,
Mike L.
(UPRIGHT Trading)
I hope all of you are having a great holiday and were able to benefit from my previous predictions, which turned out to be pretty close to perfect.
Today, I'd like to make another prediction. We're still in a Ranging Market. It looks like it will only last another few weeks, but who knows, really. I've created 2 new prediction range boxes. We are getting a little more Bullish, but by no means are we in a Bull Market.
As I said before, we will likely be hugging the 200MA until we have a clean break. Still a lot of unknowns at the moment continuing to feed into creating this Range.
I expect some short term bearish PA followed by bullish recovery in the very short term.
Check out my previous posts referred to above:
Original Prediction:
Febuary:
Clearer image.
March:
Last March Post:
As you can see In the chart above, the bullish continuation did, in fact, break through from that fib marked on the chart in this post; it moved up to the top fib, which is now approximately the red one on this current chart (462).
Clearer image of current chart:
If you enjoyed/appreciated this post: Please like, subscribe,follow, support website, etc.
Best Regards,
Mike L.
(UPRIGHT Trading)
Site: uprighttrades.com
old site: uprighttrader.com
Scripts: tradingview.com/u/UPRIGHTTrading/
Like & follow for great ideas & indicators!
old site: uprighttrader.com
Scripts: tradingview.com/u/UPRIGHTTrading/
Like & follow for great ideas & indicators!
Disclaimer
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.