just like spy this previous support level has acted as resistance once in the last bear market rally, but break above 384 area and we can see 400+ short term.
watching longs above 384.76 / shorts below 367
Looking at the 2 major channels for the S&P 500 (note this is on VOO which is a few dollars off of SPY or IVV, but trends are same), you can see that it is currently below the blue channel that it has used over the last few years. I pointed out the obvious places where it has used if for support. IMO, if the S&P below this channel this week, then a lot more...
Check out my latest entry into VOO and VTF. VOO is S&P 500 and VTF is everything in small and medium companies not in the VOO. Both are great vehicles and have performed really well overall. As the markets continue to dive I will be buying more and increasing my position with dollar cost averaging. DCA.... For now I short but in the long term I would go long. ...
VOO AMEX:VOO is showing promise. Markets have very slowly begun to correct since the Russian Invasion into Ukraine Feb 24th, 2022. Since then, you see some recover on this chart. While things are still uncertain with the overall health of the economy and markets the S&P is gaining some slow momentum. However is VOO a good long term hold ? Well, I'm gonna be...
inflation, commodity price increase and political instability are leading to a market edging towards correction, recession, and maybe even depression territories. Once it breaks below 382 and it declines further I believe we will see a drop up to around 357.
It's not looking good, I lost a lot of money and I'm sad :(
Who knows what will happen next but my prediction is that VOO will go either up down or sideways.
In the investment world everybody expects you to know exactly how to buy into an Index Fund, which makes it very hard to find a good detailed non-outdated resource to learn from. While it’s easy to do once your set up, learning how to from nothing was difficult (at least for me).
Before you even think about investing into the S&P 500 you need to know WHY....
When it comes to your long term portfolio, please Dollar Cost Average into the S&P 500. Which I will explain how to in detail in my next post.
However today I just want to show a small swing trading strategy theory I will try for fun. The reason I prefer the idea of swing trading is because it requires you to set your candle sticks to 4h,1d, or sometimes even 1...
ETFs are by far the most popular form of investment, regardless of whether you are a parent saving up for your child's college or you're a multi-millionaire/billionaire banker, a good portion of your investments will be in exchange traded funds, regardless of whether that fund is for commodities, industries or indexes.
Since their first implementation in the...
All my picks seem to be relatively trending upward with the rest of the market, and my prediction lines, patterns, and scope for opening can be seen within the chart.
I believe VOO (S&P500) is out of the Uptrend (Daily TF) it has maintained since the Feb 2020 Crash for the following reasons:
1. Broke ~1 year trend line (Yellow trend line)
2. Broke under previous HL on Daily (orange region ~$401)
3. Failed to make HH on Daily (above green region ~$417),
4. Failed to make it back into uptrend channel
5. Rejected by 50MA and...
NYSE Arca
![VOO: How to Invest in the S&P 500 [FOR DUMMIES]](https://s3.tradingview.com/h/hbIositR_mid.png "How to Invest in the S&P 500 [FOR DUMMIES]")
