SPX - The bullish trend is expected to persist
$.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
The S&P 500 closed at 5,841.5 with a slight decline of -0.02%. The current market trend remains Bullish, and the recommended long-term strategy is Buy and Hold. The bullish zone offers high return potential with lower risk. The index has been in this zone for 25 days, generating a cumulative return of 4.4%.
Long-term strategy: Continue holding positions as there is no significant change expected in the trend. If the market enters a bearish zone, it would signal a selling opportunity.
Short-term strategy: The S&P 500 is currently experiencing a correction trend, marked by slight fluctuations and downward movements. The recommended approach is to buy during this phase, with an optimal buying price of 5,824.0 expected on October 18. The optimal selling period is expected between October 22-23, with a target price of 5,946.7.
The overall outlook for the next 10 days anticipates a strong upward trend with fluctuations. The market is expected to experience higher upward intensity than downward pressure.
Volatility: Predictions indicate that buy-sell intensity could shift, leading to some volatility. However, the bullish trend is expected to persist, with a potential price range of 5,836.3 to 5,950.1 over the next 10 days, and a median price of 5,893.2.
Investors should remain vigilant, as potential turning points may arise in the market within the next 2, 5, and 9 days.
Long-term strategy
The current trend zone is Bullish, and Investment position suitable for the trend zone is Buy and Hold.
The trend within a Bullish zone is divided into an 'Uptrend' in the upward direction and a 'Correction Trend' in the downward direction. In the Uptrend, there is a strong upward flow with occasional downward movements, while in the Correction Trend, there is a fluctuating flow involving limited or temporary downward movements and upward fluctuations. Investing in this zone is associated with high expected returns and a low risk of decline.
In a Bullish zone, the potential for strong buying pressure is maintained, leading to a robust upward trend and a relatively mild correction trend. When viewed through a medium to long-term investment approach, if the trend continues to move in the Bullish zone, one can anticipate an upward flow of the bullish trend, seeking the potential for high returns.
This is a method of investing in the long term, enjoying investment returns by holding assets for an extended period rather than engaging in repetitive buying and selling based on price fluctuations. And when the trend enters a Bearish zone, it becomes the Selling point.
As there are no anticipated changes in the trend zone that warrant considering a shift in investment strategy at this point, it is advisable to maintain the current investment position.
The 'Buy and Hold' position has been maintained for 25 days since the entry into the Bullish zone. During this period, the cumulative rate of return in the Bullish has been 4.4% as of the current date.
Short-term strategy
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position.
In a bullish zone, where buying intensity is potentially strong, anticipating significant upward movements is reasonable. Therefore, actively responding with aggressive buying at appropriate entry points in the short term is effective. During selling moments, a gradual and partial selling approach is recommended. This strategy allows for the exploration of opportunities to buy back at lower prices.
Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. and The Buy-Sell intensity has changed from a weak selling flow to a strengthening selling flow again.
A correction trend can be seen as a moment of pausing with either price or time adjustments within a strong upward momentum. The previously strong buying intensity temporarily transitions into a subdued state, and there is a temporary emergence of strong selling pressure in the flow.
It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 6 : 4 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected intensity of the upward and downward movements, the downward intensity is lower, while the upward intensity is higher.
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