S&P 500 ($SPY) COLLAPSE | Recession Alert!!Behold, devastation just up ahead.
$2500 is probable in the S&P.
Retirements are about to be wiped out. As a friendly reminder, the "401K is free money" narrative is going to evaporate.
The media will soon be out in full force talking about:
"stay the course"
"remember your goals"
"stay invested"
"LFG"
"buy the dip"
So foolish.
If you are trapped in a retirement fund (401K), the best thing you can do right now is get defensive. Sell ALL "growth stocks" and shift all of your wealth into cash and / or bonds.
Be careful out there, everyone! Something major is happening on a global scale!
401k
S&P500: Moving to the DowOverview
I decided it was time to start taking control of my own retirement account. For years my account has been pulling in mediocre gains and the only reason I've put up with it for so long is because: 1) it took me years to hone my trading skills and 2) my employer matches my contributions.
Well, after reviewing my available fund allocations and performing a quick technical analysis of the respective funds, I decided to pull completely out of the S&P500 ( SP:SPX ) and placed them into the Dow Jones ( DJ:DJI ).
Technical Analysis
SP:SPX
A double top has appeared on the 1W chart. Combined with dwindling volume on top of increasing value, I think it's ready to fall. Utilizing Fibonacci retracements I believe a good time to re-enter the S&P 500 will be in the range of $2200-$3200 USD.
DJ:DJI
While it is still slightly early to confirm, it appears that the Dow Jones has escaped the double-top and in my opinion looks coiled up and ready to spring. Utilizing Fibonacci retracement levels -- supported by increasing volume with rising value -- $56.8K appears to be a practical price target.
Are you dripping into your 401k yet?Are you dripping into your 401k yet?
Not bad area to start dripping in imo for longer term positioning.
Dovish powell, in reality it was all stated before and thats why we've had the market really for weeks/months softening rate hikes - the real question is when they will actually STOP! Now, we are at key resistance area, I like the next area of resistance 4200-4300. I'd appreciate any pull back for ES & NQ
key tip: The market is forward looking
Trade your own plan
TJ
CRO/USD multimillionaire retirement
This is an updated idea to my previous idea on the link above. The Idea that I am proposing to you, will help you become a millionaire before the retirement of age 65. I will cut down retirement age for you by almost half from age 18-48 instead of 18-65. Using this savings method you will retire 17 years earlier as a multi-millionaire. All this is made possible by cryptocurrency and you handling your own finance rather than giving it to some 401k retirement plan where you let others play with your money. The initial amount you need to get started with my proposed plan is 40,000 USDT. If you do not have that much you can start with 4,000 USDT, it will take longer, however, both path is still better than your traditional retirement plan. This is something that was not made possible before cryptocurrency and it is something I wish someone had told me in my senior year of high school. School is not everything and it's not needed for you to become a millionaire or a successful person. This method only takes about 30 mins for you to set up yourself and is 100% safe and low risk. With cryptocurrency we are now able to achieve financial freedom more easily, especially by handling your own finances through a method we call staking. There are over 17,000 cryptocurrency as of this writing and many coins in which you can stake from. For my example I will use CRO and tether, both I deem highly reliable and low risk. Both of these can give you an APY of 12% when staking through the crypto.com app when you stake 40,000 USDT or 40,000 USDT worth of CRO.
CRO STAKING or USDT - 12% APY
initial - 40,000 + 12% APY (4800) = 44800 year 1 || 4800 APY / 52(weeks) = 92x4 = 369 /mo off APY
initial + monthly with 12% APY after 5 yrs - 102,803 year 5 || 12,336 APY / 52 (weeks) = 237 x 4 = 948/ mo off APY
initial + monthly with 12% APY after 10 years - 264,184 year 10 || 31,702 APY / 52 (weeks) = 609 x 4 = 2438/ mo off APY
initial + monthly with 12% APY after 15 years - 679,052 year 15 || 81,486 APY / 52 (weeks) 1567 x 4 = 6268/ mo off APY
initial + monthly with 12% APY after 20 years - 1,745,537 year 20 || 209,464 APY / 52 (weeks) 4028 x 4 16,112/ mo off APY
initial + monthly with 12% APY after 25 years - 4,486,973 year 25 || 538,436 APY / 52 (weeks) 10,354 x 4 41,418/ mo off APY
initial + monthly with 12% APY after 30 years - 11,534,063 year 30 || 1,384,087 APY / 52 (weeks) 26,617 x 4 106,468/ mo off APY
^ USDT
CRO - .40 cents
initial - 40,000 + 12% APY (4800) = 44800 year 1 || 4800 APY / 52(weeks) = 92x4 = 369 /mo off APY
initial + monthly with 12% APY after 5 yrs - 102,803 year 5 || 12,336 APY / 52 (weeks) = 237 x 4 = 948/ mo off APY
initial + monthly with 12% APY after 10 years - 264,184 year 10 || 31,702 APY / 52 (weeks) = 609 x 4 = 2438/ mo off APY
initial + monthly with 12% APY after 15 years - 679,052 year 15 || 81,486 APY / 52 (weeks) 1567 x 4 = 6268/ mo off APY
initial + monthly with 12% APY after 20 years - 1,745,537 year 20 || 209,464 APY / 52 (weeks) 4028 x 4 16,112/ mo off APY
initial + monthly with 12% APY after 25 years - 4,486,973 year 25 || 538,436 APY / 52 (weeks) 10,354 x 4 41,418/ mo off APY
initial + monthly with 12% APY after 30 years - 11,534,063 year 30 || 1,384,087 APY / 52 (weeks) 26,617 x 4 106,468/ mo off APY
^ CRO STAKING @.40 cents. If CRO is at .40 cents 30 years from now you will still earn the above staking rewards.
Let's attempt to guess CRO's movement
CRO year 1 @.40 = 40,000 USDT /.40 = 100,000 CRO
CRO year 5 @.80 = 102,803 USDT /.80 = 128,503 CRO
CRO year 10 @1.6 = 264,184 USDT /1.6 = 165,115 CRO
CRO year 15 @3.2 = 679,052 USDT /3.2 = 212,203 CRO
CRO Year 20 @6.4 = 1,745,537 USDT / 6.4 = 272,740 CRO
CRO Year 25 @12.8 = 4,486,973 USDT / 12.8 = 350,544 CRO
CRO Year 30 @25.6 = 11,534,063 USDT / 25.6 = 450,549 CRO
^ This is the conversion CRO at it's highest price point on each 5th year to give you an estimate of how much CRO you'll have.
*none of these numbers are real, just an example*
CRO year 1 @.40 = 40,000 USDT /.40 = 100,000 CRO
CRO year 5 @.80 = 102,803 USDT /.80 = 128,503 CRO
CRO year 10 @1.6 = 264,184 USDT /1.6 = 165,115 CRO
CRO year 15 @3.2 = 679,052 USDT /3.2 = 212,203 CRO
CRO Year 20 @6.4 = 1,745,537 USDT / 6.4 = 272,740 CRO
CRO Year 25 @12.8 = 4,486,973 USDT / 12.8 = 350,544 CRO
CRO Year 30 @25.6 = 11,534,063 USDT / 25.6 = 450,549 CRO
CRO Year 30 @.40 = 11,534,063 USDT / .40 = 28,835,157 CRO - I do not think CRO will be at this price since there will not be enough in circulation
max supply = 25,260,000,000 meaning only ^ x 1000 people can do this.
If CRO is at 25.6 @ year 30 then 56,863 other participants can do this. This means that we would've dropped from the initial participants of 200,000.
-currently at .40 cents there can be 200,000 participants 200,000 x 100,000 CRO = 20,000,000,000B CRO; since currently 5.7B is locked in
-circuclating supply is 19,888,888,888 / 100,000 = 200k participants
Buy 100,000 CRO Year 1 (40,000 USDT) and stake until year 30 @ 25.6 USDT per CRO
100,000 x 25.6 = 2,560,000 USDT + 11,534,063 From staking
*Keep initial CRO of 100,000k and stake USDT from APY
YR 30 = 14,094,063 VS USDT Staking only of 11,534,063 USDT
------------------------
Now,
If you were to buy & stake CRO instead using the predicted price above, it should look something like the example below
CRO year 1 @.40 = 40,000 USDT /.40 = 100,000 CRO || 100,000 CRO 12% APY 12000 CRO / 52(w) = 230 CRO x 4 = 920(m) || compound monthly = 124,350 CRO YR 2.
YR 5 = 256,805 CRO
CRO year 1 @.80 = 40,000 USDT /.80 = 50,000 CRO || 50,000 CRO 12% APY 6,000 CRO / 52(w) = 115 CRO x 4 = 460(m) || compound monthly = 62,175 CRO YR 2
YR 5 = 128,402 CRO
CRO year 1 @.60 = 40,000 USDT /.60 = 66,666 CRO || 66,666 CRO 12% APY 8,000 CRO / 52(w) = 153 CRO x 4 = 615(m) || compound monthly = 82,920 CRO YR 2
YR 5 = 171,338 CRO
^^^^^^^^ This is the medium between .40 and .80, assuming we get some CRO at the lower end and some at the higher end, we should average around .60 cents per CRO
while buying/holding/staking for the duration of the 5 years.
171,338 CRO @.60 = 137,070 USDT after 5 years.
VS USDT Staking = 102,803 USDT after 5 years.
While using the medium of the price targets I have made, we will get a more accurate count/simulation of purchasing CRO throughout every 5th year for my prediction.
CRO year 1 @.80 = 137,070 USDT /.80 = 171,337 CRO || 171,337 CRO 12% APY 20,560 CRO / 52(w) = 395 CRO x 4 = 1581(m) || compound monthly = 213,117 CRO YR 2
YR 5 = 440,387 CRO
CRO year 1 @1.6 =137,070 USDT / 1.6 = 85,668 CRO || 85,668 CRO 12% APY 10,280 CRO / 52(w) = 197 CRO x 4 = 790(m) || compound monthly = 106,552 CRO YR 2
YR 5 = 220,151 CRO
CRO Year 1 @1.2 = 137,070 USDT / 1.2 = 114,225 CRO || 114,225 CRO 12% APY 13,707 CRO / 52(w) = 263 CRO x 4 = 1054(m) || compound monthly = 142,078 CRO YR 2
YR 5 = 293,592 CRO
293,592 CRO @1.2 = 352,310 USDT
CRO year 1 @1.6 = 352,310 USDT /1.6 = 220,193 CRO || 220,193 CRO 12% APY 26,423 CRO / 52(w) = 508 CRO x 4 = 2032(m) || compound monthly = 273,889 CRO YR 2
YR 5 = 565,976
CRO year 1 @3.2 = 352,310 USDT /3.2 = 110,096 CRO || 110,096 CRO 12% APY 13,211 CRO / 52(w) = 254 CRO x 4 = 1016(m) || compound monthly = 136,944 CRO YR 2
YR 5 = 282,987 CRO
CRO year 1 @2.4 = 352,310 USDT /2.4 = 146,795 CRO || 146,795 CRO 12% APY 17,615 CRO / 52(w) = 338 CRO x 4 = 1355(m) || compound monthly = 182,597 CRO YR 2
YR 5 = 377,344 CRO
377,344 CRO @ 2.4 = 905,625 USDT
CRO year 1 @4.8 = 905,625 USDT /4.8 = 188,671 CRO || 188,671 CRO 12% APY 22,640 CRO / 52(w) = 435 CRO x 4 = 1741(m) || compound monthly = 234,679 CRO YR 2
YR 5 = 484,944 CRO
484,944 CRO @ 4.8 = 2,327,731 USDT
CRO year 1 @9.6 = 2,327,731 USDT /9.6 = 242,471 CRO || 242,471 CRO 12% APY 29,096 CRO / 52(w) = 559 CRO x 4 = 2238(m) || compound monthly = 301,605 CRO YR 2
YR 5 = 623,272 CRO
623,272 CRO @ 9.6 = 5,983,411 USDT
CRO year 1 @ 19.2 = 5,983,411 USDT /19.2 = 311,635 || 311,635 CRO 12% APY 37,396 CRO / 52(w) = 719 CRO x 4 = 2876(m) || compound monthly = 387,633 CRO YR 2
YR 5 = 801,028 CRO @ 19.2 = 15,379,737
CRO Year 1 @.60 of 40,000 = 66,666 CRO = 40,000 USDT
CRO year 5 @.60 of 66,666 = 171,338 CRO = 137,070 USDT
CRO year 10 @1.2 of 171,338 = 293,592 CRO = 352,310 USDT
CRO year 15 @2.4 of 293,592 = 377,344 CRO = 905,625 USDT
CRO year 20 @4.8 of 377,344 = 484,944 CRO = 2,327,731 USDT
CRO year 25 @9.6 of 484,944 = 623,272 CRO = 5,983,411 USDT
CRO year 30 @19.2 of 623,272 = 801,028 CRO = 15,379,737 USDT
20Billion / 800k = 25,000 participants, if only 25,000 people can stake this amount of CRO at 19.2 then this is too good to be true. Very small minority are able to do this.
What does this mean? The price of CRO is way too cheap in 30 years. If we started with 200,000 participants then the real value of CRO should be able to be staked
By 200,000 participants.
IF we were to assume that 200k participants are still staking 30 years later
200,000 / 25,000 = 8
800k CRO / 8 = 100k CRO each staker
CRO = 19.2 x 8 = 153.6 USDT PER CRO?
If you do not sell any until the price target of 153.6 USDT
800k x 153.6 = 122,880,000 USDT
CRO Year 30@ 153.6 = 122,880,000 VS Tether staking @ 11,534,063 USDT
^ Maximum value if you never sell all 800k CRO
Realistic value is 11,534,063 - 122,880,000
If you hold at least 100k CRO at year 30 = 15,360,000 + profit of 700k CRO SOLD @ whatever price targets you sold.
^ Realistic value is 15,360,000 - 112,880,000 VS Thether staking @ 11,534,063 USDT
CRO staking VS Tether staking
You have a potential upside of 10x more than tether staking when staking CRO only.
Some people reading this might think it's too late to start staking. It's never too late. If you can't stake 40k for yourself, you can start with 4k for your kids. When they grow up to be 18 they will have a nice lump sum of cash. You can calculate for yourself using this website. Initial amount is 4k, you can add 40 mo with the 10% APY or add none.
You will save them either 22k or 44k, if they have 44k by the age of 18 then they can start the process that I am proposing you above.
www.investor.gov
If I was taught this in high school, I may have never gone to college at all. I feel like this is something all seniors in high school should learn about so they can have the choice to plan out their life ahead. If they want to continue with school at least they can earn money passively while going to school. If not this is a very viable way to retire early without needing a college degree or without working their entire life doing dead end jobs. People can also use this method to chase their dreams and goals while knowing they can have a back up plan and still live comfortably if all else fails. NO where else in life or any retirement plan will give you something near as good as this. No one gives a shit about you to tell you any of this, other than me lol. If you happen to stumble upon this, pass it along as there is room for all of us. Tether staking is available for all with infinite participants. 1 USDT will always be 1 USDT, no risk involved other than you questioning the current retirement plan you have going on. Banks do not give you more than 1% APY and they're only stepping their game up now due to staking rewards like these. Your financial freedom is at your own hands and we weren't born to be wage slaves. If you aren't willing to take a look at something for 30 mins to save you 17 years + millions to be made then I can't help you.
VOO VANGUARD S&P500 ETF- IS IT GOOD FOR A LONG TERM HOLD? VOO AMEX:VOO is showing promise. Markets have very slowly begun to correct since the Russian Invasion into Ukraine Feb 24th, 2022. Since then, you see some recover on this chart. While things are still uncertain with the overall health of the economy and markets the S&P is gaining some slow momentum. However is VOO a good long term hold ? Well, I'm gonna be opening a position with VOO for my portfolio and increase with dollar cost average new positions to protect me from any volatility.
Hope you enjoy this TA and don't forget to like and subscribe and show your support.
Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post. AMEX:VOO
Rising ETF's - 401K optionWith the drop from profit taking in medical cannabis / HEMP CBD ETF's just looking to compare MJ, TOKE and THCX as some of top ETF's in this sector.
Did you know you can trade ETF's in 401K fund? Ask your investment holder about this option, as ETF/ETP's are like Mutual Funds, but offer typically lower fee's and entry/exit like a stock.
* With recent pullback all nearing golden ratio retracement 0.618.
* All 3 have shown similar RSI
* THCX was most up on close 2.12 over MJ, TOKE
* Legalization expanding, medical benefits of CBD as well and now we're past initial market cycle of segment IPO's and into longer term profit cycle and secondary market investing.
* Profitability for most still on-going issue for as they weather early start-up issues (mite/disease/energy/waste/cash flow vs multi-state/country operations growth)
* Await Genomic (CRSPR Cas9) improvements in next 1-2 years with improved resistance to spider mite attack with optimized benefits without crop loss risks of past half-decade by all the large growers.
* Nicotine reduced crops (Twenty Second Century Growth IP) NYSE:XXII XXII
333K ATH BOOMERS & ROBINHOOD MOON BOIZ TAKE BTC to 0!!!!Bitcoin has been marinating in the SCAM ZONE 10500-9000 while volatility has dwindled to a stand still. As POWWOW Mr. FED's printers CURE COVID 19 this week look out for a nice break out, maybe all the way up to 9900 before battling out of the SCAM ZONE and drawing swords with 11k. At this point BITCOIN is primed for a massive divergence from traditional assists then explodes past the OG ATH 20k. At this point BOOMERS will FOMO their collapsing 4o1K's and send BITCOIN into HYPERSPACE an EASY 333k ATH. AT THIS POINT BITCOIN will have entered an entire new dimension where time is irreverent and all laws of physics cease to EXIST. The Volatility form this transformation will send BITCOIN back in time CRUMBLING TO 0$. At this point THE ROBINHOOD MOON BOIZ will BUY THE DIP and rocket BITCOIN 100,000,000,000,000,000 x . THIS IS WHAT THE MEDIA ISN'T TELLING YOU.
S&PThoughts on the S&P500
Looking at the Daily chart here it seems it went for a pull back and now it looking like it has hit the sellers "trap" (Order block) it looks like it has been rejecting today.. BUT if it goes past this it could hit the uptrend trendline and start building back....
DONALD TRUMP since he has became President gone up more than 50% now this could be another reason why he has had a dip down...Maybe all the investors 401k consumers want out just incase it dips back down to 3k?
My personal opinion is that I dont think the dip in this is from the virus (coronavirus)
--- Another fact into the dip ---
We are seeing debates happening in USA at the moment to run against DT with some news outlets suggesting Bernie is winnging this could be reacting the the news of what may happen if Bernie does get into the white House.
401K, ETF's, Mutual Funds will loose massive value, Sell NowAll these products lack liquidity, are a form of derivative and will result in massive financial losses for those retail (mom & pop) investors who are the last to sell them. Get out now, reallocate some portion to cryptocurrency ( Bitcoin, Ripple XRP, Tron TRX, Stellar Lumens XLM ) . Your stock broker will never tell you this because it would negatively affect his / her paycheck. If nothing else buy physical gold or silver .
Not financial advice, just my opinion
$WDC - Monthly / Weekly Wave 3 - Breaking through key fibs soonThe trend is definitely your friend in WDC. 163 price target of extension. Very deep wave 2. Excellent dividend to boot. Could be a game changer added to a long retirement portfolio. Digital media storage is not going anywhere for the foreseeable future as Euclidian Physics still dominates Moores Law. When the Qbit becomes common place - reassess this company. Sandisk purchase resulted in tremendous amount of IP and positions WDC as a leader for next 10 years.
LONG-TERM ACCOUNTS: 2017 401(K)/IRA SPY SHARE ACQUISITION LEVELSFor what seems like eons in the scheme of things, I've been working an IRA that is predominantly made up of SPY covered calls. Each month, I basically just look at selling calls against my shares to reduce cost basis in them and to give me a bit of some downside protection in the event of a sell off.
Additionally, every quarter, I look at the long-term charts and examine whether I should change my outlook and acquire additional shares and, if so, where I should start to think about doing that. At best, I look to add shares on an infrequent basis and at during fairly large sell-off events (Brexit, first rate hikes, etc.).
At the beginning of 2017, I figured acquiring additional shares around the 2016 range top would make sense, and it looks like there is no reason to change my tune at that level now. Not only is it basically last year's range top, there also appears to be some rough confluence with long-term Fib lines that adds to my confidence that acquiring there wouldn't be "entirely stupid," although a lower level (e.g., 203) would be better since lower is always better when you're long.
To potentially acquire these shares, I'm not going to do so "outright." Rather, what I'm looking for is for the 30-60 DTE 30 delta short put strike to line up with that 215-216 level, at which time I'll sell 215 puts. (Currently, the first expiry in which this occurs -- where the 215 strike 30 delta short put is at 215 -- is in March of 2018, way too far out in time for my tastes to diddle with; so much nastiness can happen in that sort of time frame. If you're curious, though, those are paying 7.20 ($720)/contract at the mid with a resulting cost basis in the shares of 207.80).
Naturally, selling 215 puts doesn't necessarily mean I need to take assignment of 100 SPY shares at 215. I have the option to attempt to roll them down strikes and out for duration if I'm not satisfied that 215 is a good price at that point in time (heck, I thought I was paying "too much" when I acquired some last year at 203).
Notes: I would note that SPY is currently a "heavy" instrument with a block of 100 shares -- which is what you'll need to do a full-on covered call -- at 215 carrying a $21k price tag. Naturally, you can use this type of methodology with a smaller, broad-market exchange traded fund (e.g., IWM), sector exchange-traded funds (e.g., XLU, XRT, etc.), or individual stocks that you want to acquire.
IS THIS THE DIP I'M LOOKING FOR? (401K* ALLOCATION)As anyone with a 401(k) knows, you've got two things you can do with it in terms of investing: you can "allocate" and your can "contribute." When you "contribute," you're basically having a portion of your paycheck taken out and stuck in a fund (usually broad market based) every other week and there is basically no rhyme or reason as to your entry. You "buy" a position in the fund you designate without regard to how high or low it is on the day your contribution is credited to the account. Unfortunately, you can do virtually nothing with the timing of your "contribution."
However, you are able to "time" your "allocations" should you choose to do so. Not everyone bothers; they just "contribute" a set amount that is distributed among the funds they select in designated percentages every paycheck. They may tweak it from time to time to get it to that 60/40 or 70/30 equity-to-bond ratio that all the financial "experts" we pay the big bucks to have been advising us to do since time immemorial. For some investors who just don't want to watch the market, don't know enough about it, or aren't comfortable with monkeying around with their allocations on a more than quarterly basis, this is probably fine
My two cents, however, is that investors who are making these kinds of "blind" allocations into broad equity market instruments without regard, really, to where the market is at are probably pissing away opportunities to allocate at lower prices and are potentially taking relatively "pricey" positions in a fairly sideways market that has basically gone nowhere since late 2014. Put another way, these "blind contribution" investors have been repeatedly taking positions in the market "at the top of the key" relative to the market's trajectory since 2009, which, last time I checked, is generally not the best place to buy.
With these things in mind, here are some basic rules I'm following with respect to my 401(k) allocations and contributions in an attempt to be smarter about where funds go and when:
1. Adjust your contributions so that they are 100% to what most closely approximates a cash position in your 401(k). In my case, this is to a "fixed income" fund; it doesn't make a whole lot of money, but it largely doesn't lose money either.
2. Make allocations to broad equity market funds on dips, rather than "blindly" allocating every paycheck.
3. Keep allocations small. This might be a dip, but some dips get "dippier." My general rule of thumb is to make an allocation of 5% of what is in my "cash" position at a time.
4. Develop a simple "signal" for when you might want to move funds from your "cash" fund to a broad market fund or chart out the levels at which you'd want to make a move.
Because I look at my 401(k) as a "large time frame" account, I look for dips using the weekly chart and am largely a very patient guy as to when I want to move funds. Here, my eyes are currently on the .236 from the 10/2014 low to the 2016 high or 190 (which is fairly coincident with the Weekly 200 EMA).**
So, this isn't the dip I'm looking for to move funds from my 401(k) "cash" funds into broad market funds ... . Yet.
* -- I use the same basic rules with my IRA, although I'm offered more flexibility there in terms of fund availability and the nature of the "cash option" which, is, for all practical purposes, "cash."
** -- Noted on the chart are all allocations to a broad market fund since 2011. Up until August 2014, they were all made on touches/breaks of the Weekly 50 EMA. After the August 2015 meltdown, I'm looking at this as long-term rangebound/sideways between 182 and 220 and am more keen on adding at the low end of this range as opposed to using the 50 EMA, which SPY has already broken).