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js485
Nov 15, 2019 10:54 PM

SPY Bearish 3-6 months out. LONG TERM BULLISH..! 

SPDR S&P 500 ETF TRUSTArca

Description

1. Short term market top in the next 2-4 week around $315 SPY.
2. Markets drop about 30% ish and bottom around $210 SPY
3. Continues the final melt up till next elections
4. SPY MAJOR CYCLE TOP - $400 SPY (Q2-Q4 2024)

Feel free to comment.

Trade active

I guess not too shabby considering the long term view. I still still we are heading to 200 - 210 on the SPY..

Comment

So far we are still following the trend. We should see a cycle bottom within this week. $200 - $210
Comments
Helloben23
After the bounce this week, where do you see SPY heading towards in April-May?
js485
@Helloben23, I think we drop some more in April and then rally into the summer with the final sell off / retest of the lows in July - Sept (my best guess would be July) We should be off to new highs by the end of the year.
Helloben23
@js485, Could I share my chart/message you? I think your insights are helpful, especially since you called this in Nov 2019.
js485
@Helloben23, Sure. you can PM me.
js485
Feel free to share / comment
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