SPY will hit 633 the day after Trump is inaugurated on Jan 21st
The SPY will continue going up until Trump's inauguration on Jan 20th. I think there is a high probability it will hit 633 the day after Trump's inauguration on Jan 21st. (I have the arrow pointing to the fib number of 1.618 but I really think it will go higher than that)
I typically use Heikin Ashi Candlesticks as they show more of a directional move as opposed to regular candles. Typically, you are only supposed to enter after you see 2 green candlesticks of the Heikin Ashi Candlesticks. We currently only see one green Heikin Ashi Candlestick, so we should wait until we see a second one before entering, which would be Tuesday if the market shows a green Heikin Ashi candlestick tomorrow.
In the past, there has been an average move of 34 points on the SPY which would make the target point of 614.
But there has been an extreme move of 53 points in the past, which I think is highly probable with Trump is coming into office. I think the market will jump the day after Trump is inaugurated. (I have seen the market do weird things when Trump is involved.) That would make the target equal to 633. But that is an extreme point. I usually don't take current events into my trading predictions but with Trump's inauguration on the 20th, I wouldn't be surprised if the SPY will jump the day after and hit 633 and then move sideways or head a little lower after that.
The Fibonacci number of 1.618 is 618.18 This is a good second target point.
The move is typically a 9 to 12 day move, so my time target would be Jan. 15th to Jan 21st.
If the SPY hits any one of those targets I am out of my trade. But I am going to be prepared on Friday, Jan 17 at the end of close to see if the market is indicating a jump on the 21st.
I use the DMI, the Stoch RSI and the MacD to assist me in my trading and you can see on the daily charts the indicators are already turning to show a bullish move.
I had thought that the market may correct in February, but if you look at the weekly indicators, I think the market did a small correction at the end of December. I anticipate the market to go up in January and February and possibly March.
Happy Trading Everyone!!
I typically use Heikin Ashi Candlesticks as they show more of a directional move as opposed to regular candles. Typically, you are only supposed to enter after you see 2 green candlesticks of the Heikin Ashi Candlesticks. We currently only see one green Heikin Ashi Candlestick, so we should wait until we see a second one before entering, which would be Tuesday if the market shows a green Heikin Ashi candlestick tomorrow.
In the past, there has been an average move of 34 points on the SPY which would make the target point of 614.
But there has been an extreme move of 53 points in the past, which I think is highly probable with Trump is coming into office. I think the market will jump the day after Trump is inaugurated. (I have seen the market do weird things when Trump is involved.) That would make the target equal to 633. But that is an extreme point. I usually don't take current events into my trading predictions but with Trump's inauguration on the 20th, I wouldn't be surprised if the SPY will jump the day after and hit 633 and then move sideways or head a little lower after that.
The Fibonacci number of 1.618 is 618.18 This is a good second target point.
The move is typically a 9 to 12 day move, so my time target would be Jan. 15th to Jan 21st.
If the SPY hits any one of those targets I am out of my trade. But I am going to be prepared on Friday, Jan 17 at the end of close to see if the market is indicating a jump on the 21st.
I use the DMI, the Stoch RSI and the MacD to assist me in my trading and you can see on the daily charts the indicators are already turning to show a bullish move.
I had thought that the market may correct in February, but if you look at the weekly indicators, I think the market did a small correction at the end of December. I anticipate the market to go up in January and February and possibly March.
Happy Trading Everyone!!
Trade closed manually
I did not take into account the national day of mourning following the death of former President Jimmy Carter. This trade will not happen. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.