$SPY is nearing a top. Price levels to watch on the way down 숏

SPDR S&P 500 ETF TRUSTArca

설명

⋅ 2021년 8월 2일 오후 3시 1분

After a 100%+ run during a pandemic, I think we're finally nearing a top in the stock market... How low will we go is the real question?

I've marked some important levels and dates to watch on the way down. Let's see how far we drop.

코멘트

⋅ 2021년 9월 20일 오후 5시 22분

Right on time

코멘트

sk12722

⋅ 2021년 8월 3일 오전 10시 54분

Hi....Thanks for sharing....as I understand the forecast is ~340ish by 27th Sep 21 ...is this interpretation correct ? Also can you clarify what first weekly pivot implies here ? Thanks and regards

benjihyam

⋅ 2021년 8월 3일 오전 11시 27분

@sk12722, no that’s not correct. A pivot is a change in direction of price. Price would start to decline after the week of September 27th and can stop at any of those support levels on the way down. If one level breaks, it’s likely to hit the next one. The next pivots would change the direction back up

sk12722

⋅ 2021년 8월 4일 오전 6시 35분

@benjihyam, Thanks for the explanation....Regards

samitrading

⋅ 2021년 8월 2일 오후 5시 5분

Nice work buddy, we need a catalyst to have any reasonable pullback otherwise bulls ,IMO, still in total control of this market.

benjihyam

⋅ 2021년 8월 2일 오후 5시 59분

@samitrading, the first weekly pivot is in September. That's why I said "nearing a top." I don't see a change in direction of the trend until then.