SPY S&P 500 ETF 2023 Forecast. CPI Report PredictionAfter those Put options went to the target:
My timeline for SPY S&P 500 ETF after the CPI report on Feb 14 is this:
1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and SPY will reach $431 by March 1st, thinking that the FED won the fight against inflation.
2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the SPY will reach $376.
3. They year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation, will be restored. Inflation don to 3%.
My prediction for SPY by the end of the year is $436, a 15% increase YOY.
Looking forward to read your opinion about it!
Spylong
$SPX: The S&P 500's Key Yellow Resistance TargetIn my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance trend line.
Unlocking SPDR S&P 500 ETF Trust's PotentialAt the start of 2023, our key assumption was that bullish trends would dominate the market this year despite the challenging global macroeconomic conditions following the post-COVID-19 era. Our prediction proved accurate, as the SPDR S&P 500 ETF Trust has already surged by over 10%, despite the ongoing high hydrocarbon prices.
Bears have been trying to regain control and putting downward pressure on SPY in recent weeks. Adding fuel to the fire was the news that the Federal Reserve is ready to raise interest rates again if necessary, Jerome Powell said following the meeting at the end of September.
"Given how far we have come, we are in a position to proceed carefully as we assess the incoming data and the evolving outlook and risks. Real interest rates now are well above mainstream estimates of the neutral policy rate, but we are mindful of the inherent uncertainties in precisely gauging the stance of policy. We are prepared to raise rates further if appropriate, and we intend to hold policy at a restrictive level until we are confident that inflation is moving down sustainably toward our objective. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments."
However, despite the negativity spreading in the media, in our opinion, all movements are taking place within the framework of corrective wave 4, which will be completed this week.
Overall, we believe that the Fed will not tighten its monetary policy as American savings continue to decline, which, given the rise in household debt, poses a significant threat to the stability of the US financial system.
In conclusion, we would like to note that we are optimistic about the American economy, which is showing its stability while China cannot recover from the COVID-19 pandemic. As a result, we expect that the price of SPDR S&P 500 ETF Trust will continue its movement within the impulse wave 5 up to $461-462.
Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the assets described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
$SPY Quarter 3 (Q3) AnalysisThe S&P 500 had a correction in August and September that led to a correction back down into the EMA ribbon. I believe that SPY is trending for a strong Q4 and will make progress towards a new all-time high above $477 over the next few months (marked by the green circle). For now I would like to see a bullish bounce off the EMA ribbon.
SPX SPY in No Mans Land, Never seen before in market historyThis is a weekly chart and I meant to share this on Friday; but forgot. Blue vertical lines are the paths from previous bear market lows to new all time highs, over-layed to the bottom of October 2022. Red vertical lines are the bear market paths from all time highs to bear market lows, over-layed to the high of January 2022.
As you can see we are no longer following the path of the "new" bull markets, and we we deviated away from bear market paths... well a while ago. So should we have been on a bear market path this whole time, but the stimulus from Inflation Reduction Act and Chips Act helped support the market for just a short period of time?!?!? Well we will find out. I just know this is truly a historic pattern.
SPY S&P 500 etf Options expiring next weekIf you haven`t bought puts ahead of the FED`s Interest Rate Decision last week:
Which happen to end up 4.18X higher after the Federal Reserve suggested the likelihood of another rate increase in the near future.
Then you need to know that SPY is approaching an oversold area.
And historically, as you can see in the RSI chart, in these areas technical players tend to buy the dip, anticipating a technical rebound.
In this context, and looking into the options chain, I would consider the following Calls expiring next Friday:
2023-9-29 expiration date
$430 Strike Price
$4.38 Premium
Looking forward to read your opinion about it!
S&P500 (SPX) -> Buy The DipMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on S&P500.
After perfectly retesting the 50% fibonacci retracement level in confluence with previous structure this recent rally of more than 25% was quite expected.
After this agressive rally I do expect some short term weakness and the S&P500 to retest its long term uptrendline before I think that we could see another push higher.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
SPY New All Time Highs By Year End. 8% No Recession
Jerome Powell thanks retail for shorting the M2 debasement.
Now watch in suspense the next months unfold of non stop SPY rising and the market try to figure out what's going wrong.
Welcome to the roaring 23s and welcome to start of the final bubble.
Once that 8% gap is taken out I suspect news to start breaking it and the "TLT bulls" will get a shock when capital leaves money market funds and flows back into the growth sector.
Believing the "recession nonsense" is almost like believing the roman denarius aureus did not lose any silver content.
We've been in a recession since QE started in 2009, the currency will always debase to defend asset value even though it makes it weaker, this is how's it will be until the end of this system.