SPY Path
Updated
This is what SPY will do near and mid term:
- Begin drop somewhere between 11/3 (today) and 11/8 (next week) to 398-405 range [402 point target by end of November 2023]
- Bounce/relief rally to 434-444 by mid to late December 2023
- Massive drop in 2024 to 360-380 minimum, possibly as low as 290s
Short it, buy it, then short it again. These are very tradeable moves and they'll hit - follow the red path.
- Begin drop somewhere between 11/3 (today) and 11/8 (next week) to 398-405 range [402 point target by end of November 2023]
- Bounce/relief rally to 434-444 by mid to late December 2023
- Massive drop in 2024 to 360-380 minimum, possibly as low as 290s
Short it, buy it, then short it again. These are very tradeable moves and they'll hit - follow the red path.
Trade closed manually
Bulls have this, I'll post an update soon - this will squeeze a lot higher in coming weeks before a crash in 2024.Note
One more move up to around 455 then pullback to 425-435Refer to this post on QQQ for updated market analysis
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