Princessgirl

Princessgirl

The weekly indicators indicate the market will drop soon. I suspect the drop will occur within 1 month. There is a triangle forming which indicated an upward or downward movement. Due to the weekly indicators showing a downward movement, I suspect the market will head lower but I will not rule out an upward move. This move will only be a brief move, before...

Princessgirl

A triangle is forming indicating a move upward or downward shortly. The move can take place within 2/3 or the triangle to the tip. Due to the weekly indicators crossing last week, indicating a downward movement, I suspect a downward movement. But I am not ruling out an upward movement. The move should take place between now and within the next month. This...

Princessgirl Updated 

The SPY will continue to go up for 2 more days staying within this channel area. I suspect it will hit the target point I have indicated on my chart by Feb. 6th. I have also used Fibonacci on this chart and you can see that both my time and target price prediction matches the Fibonacci retracement of 2.618 when it meets the top of the channel. The target price...

Princessgirl Updated 

There is a triangle forming which is peaking around March 12 which is when the US inflation data is being released. According to the theory, the market can either go up or down at the peak of the triangle by approximately the same distance as the height of the triangle formation. I suspect it will go down at the peak of the triangle due the weekly indicators...

Princessgirl Updated 

I suspect the Spy will continue to go up at least until March 1, 2024. There were 2 budget deadlines for the US set for Jan. 19th and Feb. 2 of 2024. But both of those deadlines have been pushed out in the future. The first budget deadline at midnight on January 19 was pushed out to Mar.1, 2024 includes the following areas: Agriculture, Rural Development, and...

Princessgirl Updated 

There are 2 deadlines in the future for the US that could impact the market. The first deadline at midnight on January 19 includes the following areas: Agriculture, Rural Development, and the Food and Drug Administration; Energy and Water Development; Military Construction and Veterans Affairs; and Transportation, Housing and Urban Development. Next on February...

Princessgirl Updated 

There is a triangle forming a peak around Jan. 19th, when the US hits the Debt ceiling. The weekly indicators are signaling a downward movement. The SPY will start to fall the week after Jan. 19th, hitting the bottom around Jan. 30th. After that, I believe there will be a short zig zag movement (abc wave) where it continues to head down. But I will draw another...

Princessgirl Updated 

There are 2 deadlines for the US in the future impacting the market. The first deadline at midnight on January 19 includes the following areas: Agriculture, Rural Development, and the Food and Drug Administration; Energy and Water Development; Military Construction and Veterans Affairs; and Transportation, Housing and Urban Development. Next on February 2, the...

Princessgirl Updated 

There is a triangle which indicates a move upwards or downwards. I suspect the Spy will move downward based on the weekly indicators, but I am not ruling out the possibility that it will go up. (Last time, I predicted the Spy was going down, I got caught with my pants down!)

Princessgirl

The Spy is going down, probably this Thursday after the Initial Jobless claims or Friday after the US unemployment rate. (You can see this in some of the indicators I use) It will probably hit the 61.8% retracement or the 78.6% retracement during the week of the Fed Announcement. After that, you will see the market bounce up and down during the week before...

Princessgirl Updated 

There is a triangle forming. The indicators are showing that there will be downward movement. I suspect it will hit 61.8% Fibonacci retracement, but essentially it could go lower than that.

Princessgirl Updated 

Looking at my previous posts, I was predicting the SPY to go lower. But this chart shows what I think will be the shorter term moves in this downward trend. The SPY started in a channel around August and will continue until at least December. After that I suspect in will move up in the new year, but we will have to wait and see. I have a previous chart where I...

Princessgirl Updated 

The SPY is going lower again. The indicators are pointing in that direction. I suspect it will hit around 406 for two reasons. One being that is a Fibonacci level and two, that would be about a 25 point drop which is amount it dropped from July 31 to Aug 18th, and Sept 14 to Sept 27th.

Princessgirl Updated 

There will be a brief retracement for the SPY. The retracement will probably hit 0.618 before Oct. 2. The price point and the date is due to the momentum of the downtrend not being very strong. After this retracement, the SPY will continue to go lower.

Princessgirl Updated 

I believe there will be a bearish move down as there is a declining triangle appearing. The price target is usually calculated by measuring the widest distance of the pattern and subtracting it from the breakout point at the resistance line. This is just a estimate of price point, not a definite target. Alternatively, the market could go up, but the indicators...

Princessgirl

All the weekly indicators are showing a downward movement since July 31, 2023 (approx.) I anticipate the downward movement will hit the Fibonacci level of 1.618 by Dec. 31st or Jan. 31. I highly doubt we will hit the Fibonacci level of 2.618 since we have been on a slow decline of the market since Jan, 2022 and hitting 2.618 would be too much of a drop by Dec....

Princessgirl Updated 

Looking at the weekly indicators, it looks like the SPY will continue to breakout of the channel and move up. If it does move up and breakout, it will move to at least the width of the channel up to approximately 460. But I am not eliminating the possibility of it moving down once it hits the trendline.

Princessgirl Updated 

I believe the market is turning bullish for the short term hitting a 61.8 or 78.6 or 100% retracement. The reason I have already entered the market is because the daily CRSI has already turned. (I use the CRSI as opposed to the RSI as I find it a little more sensitive to chart action) In addition, the 4 hour, 3 hour and 2 hour indicators look bullish so I have...