Macro TA on SPY (Just Prediction)

Aug 23, 2022

This is just my prediction on macro trend on SP500 . I could be totally wrong.

Aug 30, 2022

Note

Just for the reference. SP500 in 2008 might be similar to 2022 but not quite the same. The wave B in 2008 retraced 50%. In 2022, we have a diagonal on wave A and think wave B could retrace 61.8% which is $4500.

The correction in 2022 would take quite longer.

Aug 30, 2022

Note

As you can see in 2022, we have wave (A) quite large about over 5 months with 5 waves down. If we had a bear market rally top at $4320 wave (B) which was short and tiny comparing to wave (A).

Sep 20, 2022

Note

This could be the fate of SP500. Everything is just lined up if $3823 is bottom from here.

Sep 22, 2022

Note

Chart above is invalid. Seems like we are going to downside from here.

Sep 22, 2022

Note

Not sure if this is an expanding ending diagonal. If it does, we need to hold $3733. If it breaks, we are going to see $3460.

Sep 23, 2022

Note

If ES holds at $3733