Get started
BaroVirtual-Ltd

SPY target $350-370

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
BaroVirtual-Ltd  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Fundamental Analysis SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) amex nyse market Stocks strategy sp500index S&P 500 (SPX500)
3
0
trendanalysis chartpattern fundamental spy spx amex nyse market stocks strategy sp500index spx500
Hi! Our small analysis of the S&P500 index based on the "Sentiment" indicators. Index is moving within the "Megaphone" pattern, I think that between September-November 2020 the conservative $350-370 target will be reached and from there it will be possible to consider short positions. It is possible that may coincide with the 2020 US presidential elections. You need to be careful right now, given the heating up situation and the sentiment of traders:

- The $NYSE Highs/Lows Index is in the extreme zone;
- Black Swan v.2.0 indicator, traders began to assess the tail risk on July 9, 2020.

We will observe with interest. Happy trading to everyone!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.