SPY (US500 – SP500 – SPX) WEEKLY PREDICTION
📊 Market Sentiment
Market sentiment remains bullish, supported by expectations of a potential FED rate cut in December.
Additionally, Trump’s likely nominee for the next FED Chair Kevin Hassett, a strong advocate of aggressive rate cuts has strengthened this bullish outlook.
Markets have already begun pricing in the possibility of earlier and more aggressive cuts throughout 2026, fueling upward momentum.
📈 Technical Analysis
SPY remains strongly bullish and is currently targeting new all time highs.
In my opinion, during this type of price behavior, I do not expect a deep retracement before the market attempts to run the previous highs.
📌 Game Plan – Prediction
I expect SPY to either push directly into new all time highs or consolidate until Wednesday’s FED decision.
If I see a strong daily close above 687, I plan to buy the retracement into 685, targeting:
First target: 688.5
Second target: All-time highs around 690
💬 For deeper sentiment and strategy insights, subscribe to my Substack free access available.
⚠️ This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before trading or investing.
📊 Market Sentiment
Market sentiment remains bullish, supported by expectations of a potential FED rate cut in December.
Additionally, Trump’s likely nominee for the next FED Chair Kevin Hassett, a strong advocate of aggressive rate cuts has strengthened this bullish outlook.
Markets have already begun pricing in the possibility of earlier and more aggressive cuts throughout 2026, fueling upward momentum.
📈 Technical Analysis
SPY remains strongly bullish and is currently targeting new all time highs.
In my opinion, during this type of price behavior, I do not expect a deep retracement before the market attempts to run the previous highs.
📌 Game Plan – Prediction
I expect SPY to either push directly into new all time highs or consolidate until Wednesday’s FED decision.
If I see a strong daily close above 687, I plan to buy the retracement into 685, targeting:
First target: 688.5
Second target: All-time highs around 690
💬 For deeper sentiment and strategy insights, subscribe to my Substack free access available.
⚠️ This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before trading or investing.
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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.