Is it Deja Vu or coincidence? Added notes on the chart for maybe a clearer understanding. Will there be a repeat of Feb. 25th 2019. Today is Feb. 26th exactly the one year anniversary of the big selloff.
Should hit the top of 371.63 by the 4th of December with a low of 352.48. Break this level and we go down 345 for a probable bounce.
Need a few more days to confirm the start of a downtrend.As long as it's in this channel we have a bull case but if it breaks down then a correction to 298 will follow.
The top on the SPY is ALMOST near while most are shorting it at these levels. Seems like a gap fill (325.85-332.58) indicated on chart will occur before any reversal. Also the time frame could be between the 9th of June and 16th.
This would be the possibility if SPY follows the projected model. Comments and criticism are welcomed.
Just a possibility or more of a probability of this scenario happening in the next 3-6 months.Any comments or criticism is welcomed.
Looks like it has gained momentum towards the 10500 levels if it clears 9556. If it does the top seems to be at 11026 and 12276. At this point we may see the selloff that occurs at the halving event. Approximately around the month of May/June. On the lower side of the price is 7995 to 8185
Was looking for an updated chart but seems too early. Definitely the signal has turned to SELL on the 25th of Feb. Maybe in a few days it will give a clear signal and bottom could be 292.19.
On a 30 minute time frame it has always popped up above the main trend line and then pulled back. This is what was seen yesterday and knew why it would pullback. Pay attention to the trend lines and trade accordingly. A breakout or breakdown happens when the price moves far out of the zones.
With earnings tomorrow 01/14 and the trend channel broken could expect a drop to 131 or even 128. Flip side is it could move back into the channel with a good number and resume the trend. Good luck.
Not even Stephen Tusa can defy this trend. He could try hard but technicals are more powerful than BS words.
Finally the uptrend has begun with a buy signal. Could have published this chart on the 7th but was waiting for confirmation. Next level to watch is 9558 very strong resistance.
Could easily see 220 by Jan 17th. Another hidden gem that could make money in the New year.
Still holding pretty good inside the channel and the super signal is still on BUY. Anyone doubting this should double check their strategy. Could possibly go to 331 by mid Jan or end or be a Santa rally. Thinking Santa rally takes us to 325 by end of this week.
A close above the super sell signal indicates trend reversal. Watching on Monday to give the proper buy signal required for confirmation. Not very strong move here but could see around 40 or 41.
Could present a buying opportunity at these levels or could wait for the dip on Monday/Tuesday to 320 or even 309. Short term could go back up to 348 by Mid Jan or end.