$SPDR S&P 500 ETF Trust(SPY)$ -To The Moon - Tiger Brokers Online Investing Community - To The Moon

$SPDR S&P 500 ETF Trust(SPY)$

📈 $SPY Consolidating!

• SPY has been consolidating for days and it looks like its making a higher high on the higher timeframes.

• Where is the higher low you ask? Yes that is the question I am asking myself everyday going into the seasonally worst month during Election years.

• Above is also the reason why I am sizing smaller and staying cautious. In a bull market though the drop you saw on the left is kind of rare to see but a break off the range lower has a quick and swift move lower.

• Any Oct shenanigans I would be buying the dip into the end of the year.

• Alright, back to focusing on the shorter time frames, We have a bear gap that is open and needs to be filled this week so that bull can have their rest for a higher low pull back.

• Target above remains the same at 575 ( Bear gap fills at 574) will act as resistance.

• Any shenanigans lower I do not see the market losing 560 currently and that is where I think the market will make a lower high in October. Buy the dip scenario get activated there imo.

Will October Hit New Highs or Repeat October Effect?

U.S. stocks plunged on the first day of October trading as UVXY surged 11%. The Nasdaq and S&P 500 fell about 1%. A senior U.S. White House official said there are indications that “Iran is preparing to launch a ballistic missile attack on Israel.” August and september also started the month with a big drop and bounced back. Will october repeat the same trend? Are you ready for October effect or October high? Which is more possible to happen? What's your trading plan for October? Avoid high volatility or embrace it?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Yes that is the question I am asking myself everyday going into the seasonally worst month during Election years.</p>\n<p>• Above is also the reason why I am sizing smaller and staying cautious. In a bull market though the drop you saw on the left is kind of rare to see but a break off the range lower has a quick and swift move lower.</p>\n<p>• Any Oct shenanigans I would be buying the dip into the end of the year.</p>\n<p>• Alright, back to focusing on the shorter time frames, We have a bear gap that is open and needs to be filled this week so that bull can have their rest for a higher low pull back.</p>\n<p>• Target above remains the same at 575 ( Bear gap fills at 574) will act as resistance.</p>\n<p>• Any shenanigans lower I do not see the market losing 560 currently and that is where I think the market will make a lower high in October. Buy the dip scenario get activated there imo.</p>\n<p></p>\n<p><br></p>\n<img src=\"https://community-static.tradeup.com/news/07fb8e5ca82fd945d876b034952fb623\" tg-width=\"1125\" tg-height=\"389\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\n<p><br></p>\n<p>📈 $SPY Consolidating!</p>\n<p>• SPY has been consolidating for days and it looks like its making a higher high on the higher timeframes.</p>\n<p>• Where is the higher low you ask? Yes that is the question I am asking myself everyday going into the seasonally worst month during Election years.</p>\n<p>• Above is also the reason why I am sizing smaller and staying cautious. In a bull market though the drop you saw on the left is kind of rare to see but a break off the range lower has a quick and swift move lower.</p>\n<p>• Any Oct shenanigans I would be buying the dip into the end of the year.</p>\n<p>• Alright, back to focusing on the shorter time frames, We have a bear gap that is open and needs to be filled this week so that bull can have their rest for a higher low pull back.</p>\n<p>• Target above remains the same at 575 ( Bear gap fills at 574) will act as resistance.</p>\n<p>• Any shenanigans lower I do not see the market losing 560 currently and that is where I think the market will make a lower high in October. Buy the dip scenario get activated there imo.</p>\n<p></p>\n<p><br></p>\n<img src=\"https://community-static.tradeup.com/news/07fb8e5ca82fd945d876b034952fb623\" tg-width=\"1125\" tg-height=\"389\"></body></html>","text":"$SPDR S&P 500 ETF Trust(SPY)$ 📈 $SPY Consolidating! • SPY has been consolidating for days and it looks like its making a higher high on the higher timeframes. • Where is the higher low you ask? Yes that is the question I am asking myself everyday going into the seasonally worst month during Election years. • Above is also the reason why I am sizing smaller and staying cautious. In a bull market though the drop you saw on the left is kind of rare to see but a break off the range lower has a quick and swift move lower. • Any Oct shenanigans I would be buying the dip into the end of the year. • Alright, back to focusing on the shorter time frames, We have a bear gap that is open and needs to be filled this week so that bull can have their rest for a higher low pull back. • Target above remains the same at 575 ( Bear gap fills at 574) will act as resistance. • Any shenanigans lower I do not see the market losing 560 currently and that is where I think the market will make a lower high in October. Buy the dip scenario get activated there imo.","highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/356079173812560","repostId":0,"isVote":1,"tweetType":1,"viewCount":263,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":true,"length":846,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/356079173812560"}