Daily SPY (US500-ES-SPX) Outlook - Prediction (14 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 creates uncertainty for traders — without key data, it becomes difficult to anticipate the FED’s next policy decision.
📈 Technical Analysis
QQQ ran the weekly swing low at the 687 level and was rejected there. SPY retested the 637 zone, which is the range low for me, and reacted perfectly with a strong bounce. At the moment, price is showing clear upward momentum, suggesting that a stronger move may develop into the afternoon session. NVDA and AAPL are currently leading the market higher.
📌 Game Plan
Bullish Scenario: I bought calls and I’m targeting a minimum of 673.5. My second target is 681 for a runner. Once price reaches 673.5, I will move my stops to break-even.
Bearish Scenario: If price gets rejected at the 671 level, I will exit my calls and switch to puts, targeting the 661 zone.
💬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 creates uncertainty for traders — without key data, it becomes difficult to anticipate the FED’s next policy decision.
📈 Technical Analysis
QQQ ran the weekly swing low at the 687 level and was rejected there. SPY retested the 637 zone, which is the range low for me, and reacted perfectly with a strong bounce. At the moment, price is showing clear upward momentum, suggesting that a stronger move may develop into the afternoon session. NVDA and AAPL are currently leading the market higher.
📌 Game Plan
Bullish Scenario: I bought calls and I’m targeting a minimum of 673.5. My second target is 681 for a runner. Once price reaches 673.5, I will move my stops to break-even.
Bearish Scenario: If price gets rejected at the 671 level, I will exit my calls and switch to puts, targeting the 661 zone.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
Trade chiuso: obiettivo raggiunto
SPY Target 1 hit perfectly. Carrying half size until 680. Stop at break even profits locked.
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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.