Daily SPY (US500) Outlook - Prediction (12 NOV)
📊 Market Sentiment
The market continues to lean bullish following the potential resolution of the U.S. government shutdown, along with the proposed $2,000 incentives for U.S. citizens. These developments could drive stronger inflows into equities and sustain short-term positive sentiment.
📈 Technical Analysis
Price moved higher overnight, likely targeting the 686 level, supported by strong momentum carried over from the Dow Jones (US30).
📌 Game Plan
In my opinion, I will look to buy if the price retraces to the 683.5–682 zone for a potential continuation move toward 686.
However, if we see a strong breakout below 682 and a 4H candle close beneath that level, I plan to exit my position. Another possible bounce could occur around 681, but confirmation would be required before entering such a trade.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
📊 Market Sentiment
The market continues to lean bullish following the potential resolution of the U.S. government shutdown, along with the proposed $2,000 incentives for U.S. citizens. These developments could drive stronger inflows into equities and sustain short-term positive sentiment.
📈 Technical Analysis
Price moved higher overnight, likely targeting the 686 level, supported by strong momentum carried over from the Dow Jones (US30).
📌 Game Plan
In my opinion, I will look to buy if the price retraces to the 683.5–682 zone for a potential continuation move toward 686.
However, if we see a strong breakout below 682 and a 4H candle close beneath that level, I plan to exit my position. Another possible bounce could occur around 681, but confirmation would be required before entering such a trade.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
Related publications
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.
Related publications
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.