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SPDR S&P 500 ETF TRUST

Macro TA on SPY (Just Prediction)

Di thienlovv
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This is just my prediction on macro trend on SP500 . I could be totally wrong.
Commento
Just for the reference. SP500 in 2008 might be similar to 2022 but not quite the same. The wave B in 2008 retraced 50%. In 2022, we have a diagonal on wave A and think wave B could retrace 61.8% which is $4500.

The correction in 2022 would take quite longer.
istantanea
Commento
As you can see in 2022, we have wave (A) quite large about over 5 months with 5 waves down. If we had a bear market rally top at $4320 wave (B) which was short and tiny comparing to wave (A).
istantanea
Commento
This could be the fate of SP500. Everything is just lined up if $3823 is bottom from here.
istantanea
Commento
Chart above is invalid. Seems like we are going to downside from here.
Commento
Not sure if this is an expanding ending diagonal. If it does, we need to hold $3733. If it breaks, we are going to see $3460.
istantanea
Commento
If ES holds at $3733
istantanea
Chart PatternsTrend AnalysisWave Analysis

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