Replies to post #326835 on SPDR S&P 500 (SPY)

[jetlagsyndrome1]

And now I am lost,
- are you saying that at some point in time the price will go at 3349 ?
- And if another target appear (say 3332), also at some undefined moment, S&P will go there?

If yes - why do you need the targets?

Given the proximity of them (0.2-0.4% delta from current level) - isn't likely that "at some point in time" S&P will visit any of these levels, hence cross any level in between, in order to get there?

So what I am missing is the relevance of targets, in relation to spot/candles ... given the uncertainty linked to
- time,
- direction (up or down, to the first target)
- and the lack of correlation between targets and reversal of the spot (reversals are not necessarily happening at target lines - they are at, above or below, irrelevant to how many other dotted lines are present).

To be clear and answer to your "you lost me" , on these charts you plot levels (numbers) coming from two different asset classes
- the candles follow the "spot" S&P or SPY (it's not futures, is it?)
- the dotted lines are targets you take from the futures market

Did I get this wrong?

So, look - by plotting on the same chart numbers coming from two different markets and asset classes, the implied conclusion is that the "spot" (S&P) will follow action taking place on "futures" (e-mini targets).

Because these are two different asset classes (and different markets), isn't the logical conclusion that there is a link between the algo placing trades on futures market, and the spot value of S7P?

-> I was trying to explain in previous message, what would take to influence the spot s&p ... a lot of coordination.

-> there is a lot of research on the subject of what influences what (spot-> futures, or futures->spot), with some explanation of why they converge at some point (arbitrage trading). So maybe not the targets








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