Daily SPY (US500-SPX) Outlook - Prediction (13 NOV)
📊 Market Sentiment
Market sentiment appears neutral, in my opinion. The U.S. government is expected to reopen soon; however, officials have decided not to release previous economic data. This adds uncertainty for traders without data, it becomes difficult to gauge the FED’s next policy decision.
📈 Technical Analysis
SPY experienced a range-bound session yesterday, consolidating between 680 and 685. On higher timeframes, price action still suggests a desire to expand higher, but momentum has temporarily slowed.
📌 Game Plan
In my opinion, the market may show slight bearish pressure early in the session, followed by a moderate bullish bounce.
Scenario 1: SPY may drop to 679 and bounce from there, returning to the 682–685 range.
Scenario 2: If SPY breaks 679 aggressively, I expect a retracement toward 675. At that level, I plan to load calls for a potential bullish move.
💬 For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
📊 Market Sentiment
Market sentiment appears neutral, in my opinion. The U.S. government is expected to reopen soon; however, officials have decided not to release previous economic data. This adds uncertainty for traders without data, it becomes difficult to gauge the FED’s next policy decision.
📈 Technical Analysis
SPY experienced a range-bound session yesterday, consolidating between 680 and 685. On higher timeframes, price action still suggests a desire to expand higher, but momentum has temporarily slowed.
📌 Game Plan
In my opinion, the market may show slight bearish pressure early in the session, followed by a moderate bullish bounce.
Scenario 1: SPY may drop to 679 and bounce from there, returning to the 682–685 range.
Scenario 2: If SPY breaks 679 aggressively, I expect a retracement toward 675. At that level, I plan to load calls for a potential bullish move.
💬 For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
Trade attivo
Perfect call for a bounce at 679. I bought calls and sold some around 680.5 inside the opening gap. I’m holding the rest for 682.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.