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SP500 - 3045 followed by retrace
SPDR S&P 500 ETF TRUST
Long
SP500 - 3045 followed by retrace
By jdharward
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Updated
Oct 28, 2019
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Jun 24, 2019
By looking at the weekly and applying a Fibonacci measured from the pre-2008 crash into the 2009 low, we can create future price targets.
Isn't math neat? ;)
You can see the 1.618 level held as strong resistance before finally breaking through upon Trump's sweeping electoral victory.
The next target is 2.618 or roughly 3040.
Indicators are bullish and prices are already at all time highs but not quite to 3k. More room to run.
We could see a slow melt up to 3000 before pulling back.
Oct 28, 2019
Note
And here we are. 3045.
Took all of the King's tweets to get us to this point...
Feb 27, 2020
Note
Hey, what do you know. SPY hit the target and now we have a retrace.
Chart Patterns
equities-india
Equity
Technical Indicators
market
SPX (S&P 500 Index)
S&P 500 (SPX500)
SPDR S&P 500 ETF (SPY)
spy500
Stocks
Trend Analysis
jdharward
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