SPY Prediction Update and New Prediction.

15 apr 2022

Good Afternoon Traders,

I hope all of you are having a great holiday and were able to benefit from my previous predictions, which turned out to be pretty close to perfect.

Today, I'd like to make another prediction. We're still in a Ranging Market. It looks like it will only last another few weeks, but who knows, really. I've created 2 new prediction range boxes. We are getting a little more Bullish, but by no means are we in a Bull Market.
As I said before, we will likely be hugging the 200MA until we have a clean break. Still a lot of unknowns at the moment continuing to feed into creating this Range.

I expect some short term bearish PA followed by bullish recovery in the very short term.

Check out my previous posts referred to above:

Original Prediction:

Febuary:

Clearer image.


March:

Last March Post:
As you can see In the chart above, the bullish continuation did, in fact, break through from that fib marked on the chart in this post; it moved up to the top fib, which is now approximately the red one on this current chart (462).

Clearer image of current chart:



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Best Regards,
Mike L.
(UPRIGHT Trading)