TomPip

SPY - 205: the new 210

AMEX:SPY   SPDR S&P 500 ETF
spy
267 0 1
spy
So in a previous view point 9, which was highlighted in the "Almost done with a full re-run" related view as a pivot , is broken down and, for now, it looks like 195 gap close might be a temporary bottom.

I have aligned the PA clone from last year with the 195 gap close and this view is the result.

Is the market predicting a recession (by selling off hard) the first half of the year? If so we'll tank sooner than this. If not i think we'll see rotations around 205 until the most bearish month of the year September.

Disclaimer: these views are meant to be playful thoughts and not necessarily tradeable info!
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out