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SPDR S&P 500 ETF TRUST
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Macro TA on SPY (Just Prediction)

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This is just my prediction on macro trend on SP500 . I could be totally wrong.
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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.
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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).
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This could be the fate of SP500. Everything is just lined up if $3823 is bottom from here.
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Chart above is invalid. Seems like we are going to downside from here.
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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.
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If ES holds at $3733
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thienlovv
Chart PatternsTrend AnalysisWave Analysis

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Chart PatternsTrend AnalysisWave Analysis
thienlovv

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.