SPY WEEKLY 19th Nov,2023This is my weekly analysis for SPY. make sure to go through entire analysis and understand what is being again and again highlighted in the video.
NOTE:BE ON THE RIGHT SIDE OF THE MARKET(LONG)
Spyfutures
SPX500 Index Crash - 2022-2024Three attempts at pulling back:
Pullback One: Clearly, the strongest positive angled pullback of the three. Short-lived and rejected fully met. Pullback One, can be construed as the second weakest pullback, if you take into consideration how quickly it came, and went. Upon failure, strong downside ensued. Lower-Lows in Down Trend.
Pullback Two: Calm, Collected, Strong Pullback. The strongest of the three by far. She went boys. She sure did. In this moment, I don't know why she failed. The fact remains. Strong Pullback Two was eviscerated. Upon failure, strong downside ensued. Lower-Lows in Down Trend.
Pullback Three, was absolutely slapped off her bar stool by the way FOMC Meeting candles printed on the chart. Followed up, by currently, an absolute horror show of an attempted recovery, in coordination with some suspicious early morning futures activity and the ensuing intraday. Was not a pretty sight.
My Official opinion is:
SPY500 is an absolute dumpster fire. Please take caution with your investments and invest wisely or take profit wisely. However you do so, I believe that the SPY500 is going to at least 2700 if not 2500 if not 2275.
Thank you,
Mr. Storm
DUMPSTER FIRE.
