Expired SPY Weekly outlook. 3rd WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 520.84 Target Price: 524 | Strike Price: 528 MAY15 24' Upper Range: 532 Lower Range: 516
Expired SPY Weekly outlook. 2nd WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 511.29 Target Price: 512.94 | Strike Price: 518.48 MAY7 24' Upper Range: 518.96 Lower Range: 506.92
Expired SPY Weekly outlook. 1st WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 508.26 Target Price: 509.87 | Strike Price: 510 APR29 24' Upper Range: 518.30 Lower Range: 501.43
Active SPY Weekly outlook. 2nd WK APR 2024 (FREE SAMPLE) > BULLISH 📈 Closed Price: 518.43 Target Price: 523.07 Upper Range: 542.41 Lower Range: 503.73
Expired SPY Weekly outlook. 4th WK MAR 2024 > BULLISH 📈 CORRECT Closed Price: 521.21 Target Price: 523 | Strike Price: 245.58 MAR28 24' Upper Range: 543 Lower Range: 504
SPY is trading at a key resistance level, the white resistance line that has consistently provided strong rejections for the S&P 500. I am taking a short trade setup by going long on SPXS. Price targets: - Red support zone between $469 and $477 - Red trendline around $433 (price increases over time since the trendline is sloped upwards).
Expired SPY Weekly outlook. 2nd WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 501.2 Target Price: 503 | Strike Price: 503.30 FEB16 24' Upper Range: 510 Lower Range: 497
Expired SPY Weekly outlook. 1st WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 494 Target Price: 496 | Strike Price: 499.57 FEB9 24' Upper Range: 511 Lower Range: 481
Expired SPY Weekly outlook. 5th WK JAN 2024 > BULLISH 📈 CORRECT Closed Price: 487 Target Price: 490 | Strike Price: 491.47 JAN30 24' Upper Range: 496 Lower Range: 483
Expired SPY Weekly outlook. 4th WK JAN 2024 (JAN 22~26) > BULLISH 📈 CORRECT Closed Price: 482.43 Target Price: 484.53 Upper Range: 491.20 Lower Range: 477.87
Active SPY Weekly outlook. (FREE SAMPLE) 5th WK JAN 2024 > BULLISH 📈 Closed Price: 487 Target Price: 490 Upper Range: 496 Lower Range: 483
Expired SPY Weekly outlook. 4th WK DEC 2023 > BULLISH 📈 CORRECT Closed Price: 473.65 Target Price: 475.95 | Strike Price: 476.14 DEC27 Upper Range: 579 Lower Range: 371
Expired SPY Weekly outlook. 3rd WK DEC 2023 > BULLISH 📈 CORRECT Closed Price: 469.33 Target Price: 472 | Strike Price: 472.65 DEC18 Upper Range: 477 Lower Range: 467
Expired SPY Weekly outlook. 2nd WK DEC 2023 > NEUTRAL 📊 CORRECT Closed Price: 460.20 Target Price: 461 | Strike Price: 473.36 DEC14 Upper Range: 532 Lower Range: 389
Active SPY Weekly outlook. 3rd WK DEC 2023 (SAMPLE) > BULLISH 📈 Closed Price: 469.33 Target Price: 472.44 Upper Range: 477.52 Lower Range: 467.36
The S&P 500 been gradually breaking downwards since peaking in July. AMEX:SPY has reached the bottom of this red parallel channel last week. This is a key support level that has been providing strong support, and I think SPY bulls need to defend this price level this week. The RSI is oversold so the conditions are good for a rebound here.
As I've mentioned in my previous analysis, I believe we're at a market top (Despite Tom Lee calling for new highs). There's nothing positive for markets looking forward, therefore I think markets will finally price in all of the raise hikes and the poor economy. I think we may see one more high, however, if we do, I believe it'll result in a rug pull. I think...
Expired SPY Weekly outlook. 3rd WK OCT 2023 > NEUTRAL 📊 CORRECT Closed Price: 431.50 Target Price: 432.06 | Strike Price: 436.82 OCT16 Upper Range: 448.80 Lower Range: 415.31