This chart presents a macro view of SPDR S&P 500 ETF (SPY) on a bi-weekly timeframe, highlighting key market cycle corrections and potential upcoming trends.
Key Observations:
🔴 Trendline Support: The price action has consistently respected a long-term ascending trendline, with previous corrections bouncing off similar levels.
📉 Historical Market Corrections: Red vertical lines mark significant past corrections (Feb 2020, Dec 2021), aligning with dips in the lower indicator, suggesting cyclical downturns.
📊 Momentum Indicator (Lower Panel): Past dips in this momentum indicator (highlighted with red arrows) coincided with major corrections in the SPY chart. The recent downward trend raises concerns about another potential market pullback.
🔮 Future Projection (March 2025?): Based on previous cycles, the next major correction could occur around March 2025, aligning with potential trendline retests. If history repeats, we may see a pullback before resuming the uptrend.
Key Questions for Traders & Investors:
✅ Will SPY respect the trendline and recover, or are we heading for a deeper correction?
✅ Does the current market structure resemble past cycle downturns?
✅ How will macroeconomic conditions influence SPY’s next move?
Let me know your thoughts! Are you preparing for a correction, or do you see more upside potential? 🚀📉
⚠️ Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions. Past performance does not guarantee future results. Trade responsibly!
Key Observations:
🔴 Trendline Support: The price action has consistently respected a long-term ascending trendline, with previous corrections bouncing off similar levels.
📉 Historical Market Corrections: Red vertical lines mark significant past corrections (Feb 2020, Dec 2021), aligning with dips in the lower indicator, suggesting cyclical downturns.
📊 Momentum Indicator (Lower Panel): Past dips in this momentum indicator (highlighted with red arrows) coincided with major corrections in the SPY chart. The recent downward trend raises concerns about another potential market pullback.
🔮 Future Projection (March 2025?): Based on previous cycles, the next major correction could occur around March 2025, aligning with potential trendline retests. If history repeats, we may see a pullback before resuming the uptrend.
Key Questions for Traders & Investors:
✅ Will SPY respect the trendline and recover, or are we heading for a deeper correction?
✅ Does the current market structure resemble past cycle downturns?
✅ How will macroeconomic conditions influence SPY’s next move?
Let me know your thoughts! Are you preparing for a correction, or do you see more upside potential? 🚀📉
⚠️ Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions. Past performance does not guarantee future results. Trade responsibly!
Trade active
SPY: Breakdown with Strong Momentum – Key Targets Ahead📉 Overview:
The S&P 500 ETF (SPY) has broken through a key support level with strong downward momentum. This bearish move suggests further downside potential, with key targets identified below.
🔍 Technical Analysis:
Price has decisively broken below a key support zone with strong momentum, indicating a potential continuation to the downside.
1st Target: Around $537.75, which aligns with the yearly mid-level support.
2nd Target: Around $510.27, which coincides with the 6-month low level.
Momentum indicators (Neon Momentum Waves) are trending downward, supporting bearish sentiment.
Long-Term Support: The yearly low at $466.43 remains a major downside level to watch if bearish pressure intensifies.
🚨 Trading Plan:
📌 Bearish Bias – Look for potential short entries on pullbacks towards the broken support level, now acting as resistance.
📌 Stop Loss: Consider placing stops above the breakdown level (~$560) to mitigate risk.
📌 Profit Targets:
First target: $537.75
Second target: $510.27
📊 Risk Management:
Keep an eye on volume and momentum indicators to confirm the bearish move.
If price reclaims the broken support level, reconsider the short thesis.
📢 Conclusion:
SPY is showing strong bearish momentum after breaking key support. If the trend continues, the price may reach the identified targets. Traders should monitor price action and momentum signals for confirmation.
⚠ Disclaimer: I'm not a financial expert—just sharing my thoughts based on my analysis. Always do your own research and manage risk accordingly.
Do you agree with this outlook? Let’s discuss in the comments! 🚀📉
#SPY #Trading #StockMarket #Bearish #TechnicalAnalysis #SwingTrade #Momentum #NotFinancialAdvice
Trade closed: target reached
Closing this idea because we have hit the bottom of the major trendline. 
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.
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.