Daily SPY Outlook - Prediction (07 NOV)
📊 Market Sentiment
Market sentiment is slightly bearish as expectations for a December rate cut may be delayed into 2026. We have seen some sell-offs, likely due to hedging or profit-taking activity.
📈 Technical Analysis
Price is currently pulling back from the all-time high and moving within the equilibrium zone near the 670 level, which acts as short-term support. This is where I think accumulation may occur.
📌 Game Plan
In my opinion, price could reach the 663 level before showing a potential rebound. Therefore, I plan to stay short-biased toward 663, as puts might perform well today — unless I see a strong 4H candle close after the market open.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ Disclaimer: For educational purposes only. This is not financial advice.
📊 Market Sentiment
Market sentiment is slightly bearish as expectations for a December rate cut may be delayed into 2026. We have seen some sell-offs, likely due to hedging or profit-taking activity.
📈 Technical Analysis
Price is currently pulling back from the all-time high and moving within the equilibrium zone near the 670 level, which acts as short-term support. This is where I think accumulation may occur.
📌 Game Plan
In my opinion, price could reach the 663 level before showing a potential rebound. Therefore, I plan to stay short-biased toward 663, as puts might perform well today — unless I see a strong 4H candle close after the market open.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ Disclaimer: For educational purposes only. This is not financial advice.
Trade chiuso: obiettivo raggiunto
Target fully reached. Position closed.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.