Technical Analysis on SPY& .SPX

MasterWU
2023-09-22

Hello everyone! Today I want to share some technical analysis with you!

$S&P 500(.SPX)$ MPW's 30-min chart from mid-week update--I marked 4362-72 as the target for this down leg--the label has been there for two weeks. Now, SPX got there in a hurry--very important juncture, as this MAY BE THE 3rd of 3rd, esp. 4335 were broken by Friday.

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On-time, On-target: $SPDR S&P 500 ETF Trust(SPY)$

(1) this 30-min SPX chart is from MPW Bamboo Scroll #85, posted to subscribers on 9/16, last Saturday.

(2) suffice it to say, that I got both the direction, the slope and TIMING right--think for a second, if you bought SPY puts at 4511.

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Comments

  • I. Z. 552
    2023-09-23
    I. Z. 552
    Agreed.. We are looking bearish till week ends..
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