Simple look at SPY coming weeks

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Simple look at SPY coming weeks

Asphen
08-11

Is this a rally or is it not?

Much talk coming weeks will be whether the current rally will hold.

Bull trap in the making?

Turbulent Sept/Oct?

Plenty of thesis and grand references, but i will stick to simplicity.

A correction up to possibly fib 38.2 and then dump for an equal or lower low for the full c wave formation.

Note CPI coming week!

Good luck, all!

SPY Daily - 11th Aug 2024

@macroB @Deposit @CaptainTiger @TigerStars @Melson

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

$Invesco QQQ(QQQ)$

# Take Profit as S&P Hits 5800 or Hold Till 6000?

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Happiness.
·08-13
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It’s painful to suffer slow and down market. But it’s a chance to buy dipper prices.
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- Asphen:
  indeed!
  08-13
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mster
·08-11
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Agreed Think it will likely met and rejected by the 50 EMA.
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- msterReplying toAsphen:
  Thanks for that reminder. 🙏
  08-11
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- Asphen:
  yeah.
  
  expecting a cool CPI on Wed. but this time, a cooling CPI will mean different.
  
  Falling rates will mean USD drop means Japan Carry Trade worse. So post CPI, even if cool inflation, note that it could trigger a sell off.
  08-11
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Much talk coming weeks will be whether the current rally will hold. Bull trap in the making? Turbulent Sept/Oct? Plenty of thesis and grand references, but i will stick to simplicity. A correction up to possibly fib 38.2 and then dump for an equal or lower low for the full c wave formation. Note CPI coming week! Good luck, all! 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But it’s a chance to buy dipper prices. ","text":"It’s painful to suffer slow and down market. But it’s a chance to buy dipper prices. ","html":"It’s painful to suffer slow and down market. But it’s a chance to buy dipper prices. ","likeSize":1,"commentSize":1,"subComments":[{"id":338031549874176,"commentId":"338031549874176","gmtCreate":1723546248069,"gmtModify":1723546252906,"authorId":3576339097425722,"author":{"id":3576339097425722,"idStr":"3576339097425722","authorId":3576339097425722,"name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every week","bigImgUrl":"https://static.tigerbbs.com/271475ceaf67d40016c8cfa16c08c8b3","smallImgUrl":"https://static.tigerbbs.com/5a6336061b9ba82ba9177c7ec476f5f2","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":2,"allocatedDate":"2022.08.08","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2004},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":337127252664416,"objectIdStr":"337127252664416","type":1,"supId":338027784736944,"supIdStr":"338027784736944","prevId":0,"prevIdStr":"0","content":"indeed!","text":"indeed!","html":"indeed!"}],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0},{"id":337133608251760,"commentId":"337133608251760","gmtCreate":1723346471093,"gmtModify":1723346476113,"authorId":4102815868703010,"author":{"id":4102815868703010,"idStr":"4102815868703010","authorId":4102815868703010,"name":"mster","avatar":"https://community-static.tradeup.com/news/81a8fe18bd419696551df5320d8db477","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.24","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":337127252664416,"objectIdStr":"337127252664416","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Agreed Think it will likely met and rejected by the 50 EMA. ","text":"Agreed Think it will likely met and rejected by the 50 EMA. ","html":"Agreed Think it will likely met and rejected by the 50 EMA. ","likeSize":1,"commentSize":2,"subComments":[{"id":337145847206080,"commentId":"337145847206080","gmtCreate":1723347179301,"gmtModify":1723347184776,"authorId":4102815868703010,"author":{"id":4102815868703010,"idStr":"4102815868703010","authorId":4102815868703010,"name":"mster","avatar":"https://community-static.tradeup.com/news/81a8fe18bd419696551df5320d8db477","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.24","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":3576339097425722,"repliedAuthor":{"id":3576339097425722,"idStr":"3576339097425722","authorId":3576339097425722,"name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every week","bigImgUrl":"https://static.tigerbbs.com/271475ceaf67d40016c8cfa16c08c8b3","smallImgUrl":"https://static.tigerbbs.com/5a6336061b9ba82ba9177c7ec476f5f2","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":2,"allocatedDate":"2022.08.08","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2004},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"objectId":337127252664416,"objectIdStr":"337127252664416","type":1,"supId":337133608251760,"supIdStr":"337133608251760","prevId":337135163380064,"prevIdStr":"337135163380064","content":"Thanks for that reminder. 🙏","text":"Thanks for that reminder. 🙏","html":"Thanks for that reminder. 🙏"},{"id":337135163380064,"commentId":"337135163380064","gmtCreate":1723346669084,"gmtModify":1723346673818,"authorId":3576339097425722,"author":{"id":3576339097425722,"idStr":"3576339097425722","authorId":3576339097425722,"name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every week","bigImgUrl":"https://static.tigerbbs.com/271475ceaf67d40016c8cfa16c08c8b3","smallImgUrl":"https://static.tigerbbs.com/5a6336061b9ba82ba9177c7ec476f5f2","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":2,"allocatedDate":"2022.08.08","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2004},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":337127252664416,"objectIdStr":"337127252664416","type":1,"supId":337133608251760,"supIdStr":"337133608251760","prevId":0,"prevIdStr":"0","content":"yeah. \nexpecting a cool CPI on Wed. but this time, a cooling CPI will mean different.\nFalling rates will mean USD drop means Japan Carry Trade worse. So post CPI, even if cool inflation, note that it could trigger a sell off.","text":"yeah. \nexpecting a cool CPI on Wed. but this time, a cooling CPI will mean different.\nFalling rates will mean USD drop means Japan Carry Trade worse. So post CPI, even if cool inflation, note that it could trigger a sell off.","html":"yeah. \nexpecting a cool CPI on Wed. but this time, a cooling CPI will mean different.\nFalling rates will mean USD drop means Japan Carry Trade worse. So post CPI, even if cool inflation, note that it could trigger a sell off."}],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}