TomPip

SPY - 205: the new 210

AMEX:SPY   SPDR S&P 500
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!
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