SPY: Post-Shutdown Rally Signals Bullish Setup

Michael Esther
11-10

The last US GOV shutdown ended on Jan, 25, 2019.

$SPDR S&P 500 ETF Trust(SPY)$ ripped 20 weeks straight towads from $270-$300 for 8% gain.

Exactly 1 year later, SPY hit $340 for 25% return and then crashed on February 10, 2020 (covid pandemic).

This is extremely bullish I'd be holding SPY calls.

5 catalyst for SPY to hit $700+ in Nov:

1. US GOV shutdown ends tonight on Nov 9

2. FEDS cut rates on Dec 10. and end QT on Dec 1

3. NVDA MU earnings on Nov 19

4. $2000 dividend to Americans

5. 2026 FISCAL policy is expansionary

If you missed adding SPY calls for SWING. Add Nov 28 $700 calls.

For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!

Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Other helpful links:

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.

Comments

We need your insight to fill this gap
Leave a comment
26