"$SPY still faces a lot of headwinds and resistance above $460"

TechnicalHunter
2023-12-11

Make sure you know these 5 charts for trading the SPY for next week

1. Most think we a recession is coming when we are in fact in the "initial recovery" phase and a powerful expansion is about to happen in 2024.

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2. We are in the early cycle phase of the business cycle in our opinion.

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3. There is a 98% probability the FEDS are going to keep rates the same next week and CUT rates in March 2024. This is extremely bullish.

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4. December on average will close strong into the end of the year. Buying calls on dips and pull backs is the best strategy in our opinion.

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5. $SPDR S&P 500 ETF Trust(SPY)$ still faces a lot of headwinds and resistance up here above $460, but overall I think we close strong on the upside for next week.

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Source:@SuperLuckeee

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Comments

  • Kw Tai
    2023-12-23
    Kw Tai
    Great ariticle, would you like to share it?
  • Kw Tai
    2023-12-23
    Kw Tai
    It is pretty hard to predict the trend nowadays, no way
  • JasCha
    2023-12-13
    JasCha
    Great ariticle, would you like to share it?
  • SRNZ
    2023-12-13
    SRNZ
    Great ariticle, would you like to share it?
  • Sonsonkok
    2023-12-13
    Sonsonkok

    Great ariticle, would you like to share it?

  • Fern29
    2023-12-13
    Fern29

    Great ariticle, would you like to share it?

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