SPY with the government and the feds propping up this market, with Warren holding as much cash as the 2005, with the economy showing the signs as we saw right before the 2021 crash (cathie woods coming back on tv, inflation coming back, small businesses struggling, jp Morgan claiming that this is the time to start buying, spy500 pe ratio at 25, etc.) we still got another 1 to 2 years of this bull market. higher highs and higher lows all the way through. but this is just speculation. Do your own research. be prepared, live below your means, save up as much as possible, and be ready to shop for stocks when jp Morgan starts yapping about a recession or when the pe ratio is at an all time low. not financial advice.
SPY expecting a drop to 576 on Monday or Tuesday similar to what we saw on Oct 31. Oct 31st was a perfect 1.618 fib extension drop and expecting this drop to fall right on the 1.618 as well.
DXY Bessent, the new US Treasury Secretary appointed by Trump, has advised Trump on a "3-3-3 policy," which the Journal described as "cutting the budget deficit to 3% of gross domestic product by 2028, spurring GDP growth of 3% through deregulation, and producing an additional 3 million barrels of oil or its equivalent a day."
SPY bulls and bears got paid there was a lot of volatility and crazy candle movements which was good for contracts. Bulls are slowly inching to 598 and 600 but I see two huge sell walls at those resistance levels. I’ll be extra careful but that 4 hour looks good for another push if we can get above 596 if not most likely there will be another huge sell order. Being cautious as we get to the 4hr it could be a lower high I’m waiting to see how much momentum sellers have to see if they can push it down or not. 598 is still my target. No volume today so it was a slow choppy range day have a good weekend :) see ya soon
SPY and it so begins..Walmart has officially confirmed my theory of what’s the come next year if Trump does impose his tariffs. The pressure of the trade war will unfortunately affect consumers no matter what in different sectors. This will lead to the stock market halting any progression higher eventually.
SPY 610 incoming
DXY Bessent, the new US Treasury Secretary appointed by Trump, has advised Trump on a "3-3-3 policy," which the Journal described as "cutting the budget deficit to 3% of gross domestic product by 2028, spurring GDP growth of 3% through deregulation, and producing an additional 3 million barrels of oil or its equivalent a day."
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