SPY: Update and long term forecast
Actualizado
We're long 
SPY, from yesterday's lows, aiming to ride the long term uptrend for as long as possible from here onwards. The signal we had was one of a major market bottom, so there is a significant chance that we don't see drawdown going forward, and just a steady trend. The weekly trends show very interesting signals, with confluence of a downtrend's time running out, while a new weekly uptrend signal can confirm next week, and while longer term trends are at play, implying upside can be quite steady and significant for a long time.
Best of luck,
Ivan Labrie.
SPY, from yesterday's lows, aiming to ride the long term uptrend for as long as possible from here onwards. The signal we had was one of a major market bottom, so there is a significant chance that we don't see drawdown going forward, and just a steady trend. The weekly trends show very interesting signals, with confluence of a downtrend's time running out, while a new weekly uptrend signal can confirm next week, and while longer term trends are at play, implying upside can be quite steady and significant for a long time.Best of luck,
Ivan Labrie.
Nota
One more week left for the rally in SPY, then it could correct for 10 weeks Nota
And hedged, closed longs. Shorted 
ES futures.There's a distinct chance we see a significant correction now.
Nota
SPY can drop 5.08% from the top during the next 7 weeks Nota
I think the correction might have bottomed. Let's wait and see...since sentiment recovered, I started buying back into hedges, after going long quality names at the bottom.Nota
Read my updates here: 
Nota
This is a great forecast for now, looks viable.Nota
See the 2 month timeframe post for updates.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.