SPDR S&P 500 (SPY): One more time...near term forecast.......

S&P 500

US TECH 100

Dow Jones

Brent Oil

Bitcoin

SPDR S&P 500 (SPY)

Reply Private New

Keep Last Read

Replies (3) Next 10 Prev Next

Send PM Follow Ignore

Followers	12
Posts	2265
Boards Moderated	0
Alias Born	10/18/2007

Re: None

Friday, 12/03/2010 7:28:15 PM

Friday, December 03, 2010 7:28:15 PM

One more time...near term forecast....

I have revisited the weekly and monthly numbers. Here is my take...

"I think we just finished wave4 and onto wave5 which has a first target of 558. The market according to daily will probably retrace by Tuesday or Wednesday"

"There is unfinished business to the down side according to the weekly chart" (foolish me should have closed out my puts at 529-530 Nov 30 where the weekly long term support is and first target of wave4, no wonder it bounced off multiple times).

"The monthly data says long term resistance at 556ish"

Therefore, if by midweek next week the market cannot pierce through 556-558 area short and that will be the end of wave5.

Else it is very bullish.

2bit

Keep Last Read

Replies (3) Next 10 Prev Next

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:

1D
1M
3M
6M
1Y
5Y

Detailed Quote

Recent SPY News

Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 05/30/2024 05:11:58 PM
Form 497 - Definitive materials • Edgar (US Regulatory) • 05/29/2024 07:34:56 PM
Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 05/28/2024 06:12:34 PM
Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/27/2024 09:08:56 PM
Form 497 - Definitive materials • Edgar (US Regulatory) • 01/29/2024 03:40:28 PM
Form 485BPOS - Post-effective amendment [Rule 485(b)] • Edgar (US Regulatory) • 01/26/2024 09:50:00 PM
S&P 500 Expected to Be Volatile This Week • Finscreener.org • 12/11/2023 10:21:00 AM
MCD Stock: Is McDonald’s a Good Buy Right Now? • Finscreener.org • 12/11/2023 09:55:00 AM
S&P 500 Index: Should You Expect a Santa Claus Rally In 2023? • Finscreener.org • 12/04/2023 10:15:00 AM
Uber Stock Spikes On Its Inclusion in the S&P 500 Index • Finscreener.org • 12/04/2023 09:59:00 AM
Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 11/29/2023 08:08:28 PM
How Does ETF Investing Help Create Long-Term Wealth? • Finscreener.org • 11/27/2023 10:07:00 AM
Can Tech Stocks Continue to Gain Pace This Week? • Finscreener.org • 11/20/2023 10:43:00 AM
Will the S&P 500 Index Move Higher This Week? • Finscreener.org • 11/13/2023 09:54:00 AM
Meta Stock Slumps Despite Beating Estimates • Finscreener.org • 10/26/2023 10:12:00 AM
The S&P 500 Index Likely to Remain Volatile in Q4 of 2023 • Finscreener.org • 10/02/2023 09:23:00 AM
Will the S&P 500 Gain Pace in the Final Week of September? • Finscreener.org • 09/29/2023 10:22:00 AM
Will the Tech-Sell Off Continue This Week for the S&P 500? • Finscreener.org • 09/11/2023 09:46:00 AM
Macro Indicators On Radar for S&P 500 Investors This Week • Finscreener.org • 09/04/2023 10:01:00 AM
Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 08/28/2023 08:33:01 PM

More SPY News

InvestorsHub NewsWire

Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM

North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM

All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM

Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM

Mawson Finland Provides Update on Exploration Activities at Rajapalot • MFL • Aug 21, 2024 9:06 AM

Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM

Start posting your company's news

Only $200 per official company press release!

InvestorsHub community

Register for free to join our community of investors and share your ideas

You'll also get access to streaming quotes, interactive charts, trades, portfolio, live options flow