Daily SPY (US500-SPX) Outlook - Prediction (13 NOV)
📊 Market Sentiment
Market sentiment appears neutral, in my opinion. The U.S. government is expected to reopen soon; however, officials have decided not to release previous economic data. This adds uncertainty for traders without data, it becomes difficult to gauge the FED’s next policy decision.
📈 Technical Analysis
SPY experienced a range-bound session yesterday, consolidating between 680 and 685. On higher timeframes, price action still suggests a desire to expand higher, but momentum has temporarily slowed.
📌 Game Plan
In my opinion, the market may show slight bearish pressure early in the session, followed by a moderate bullish bounce.
Scenario 1: SPY may drop to 679 and bounce from there, returning to the 682–685 range.
Scenario 2: If SPY breaks 679 aggressively, I expect a retracement toward 675. At that level, I plan to load calls for a potential bullish move.
💬 For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
📊 Market Sentiment
Market sentiment appears neutral, in my opinion. The U.S. government is expected to reopen soon; however, officials have decided not to release previous economic data. This adds uncertainty for traders without data, it becomes difficult to gauge the FED’s next policy decision.
📈 Technical Analysis
SPY experienced a range-bound session yesterday, consolidating between 680 and 685. On higher timeframes, price action still suggests a desire to expand higher, but momentum has temporarily slowed.
📌 Game Plan
In my opinion, the market may show slight bearish pressure early in the session, followed by a moderate bullish bounce.
Scenario 1: SPY may drop to 679 and bounce from there, returning to the 682–685 range.
Scenario 2: If SPY breaks 679 aggressively, I expect a retracement toward 675. At that level, I plan to load calls for a potential bullish move.
💬 For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
تم فتح الصفقة
Perfect call for a bounce at 679. I bought calls and sold some around 680.5 inside the opening gap. I’m holding the rest for 682.
منشورات ذات صلة
إخلاء المسؤولية
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.
منشورات ذات صلة
إخلاء المسؤولية
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.