$SPX $SPY Analysis, Key levels, and Targets

30 déc. 2022

SPX SPY Analysis, Key levels, and Targets

EEEEK… tomorrow is that last trading day of the year…. the year went by so fast 😅

I kind of wish that I updated the past few nights because I nailed it, but the indicators weren’t giving me a solid game plan so it felt like I was guessing…. It was some good guessing though…. And in reality that’s all trading is… educated guessing… and I was trading small and still in vacation mode… I do intra-day calls sometimes if you guys are on (link in bio 💃🏻)

Today we filled in a little bit of that gap that was just opened Dec 21st… only halfway… and the Monthly 35EMA (super important level) is what I have my eye on. If we close below it for the month it truly signals the beginning of a bear market… which, don’t worry, it will pretty much be just like this year but “official” LOL…

So the monthly 35EMA is about 385, and the top of the gap is about 386, and the bottom of the gap is about 384…. If I had to guess… that’s the range tomorrow…. A little up and flat…

I also have to add that through some volume analysis I’ve been seeing 395 a lot…. I’m definitely not seeing that for tomorrow… but maybe into January… and I wouldn’t be surprised if that is the top for the year (holy moly that’s a bold call)

And my other eye is looking down to the 200 weekly MA at 366…. The way I see it is just know where the levels are so you're ready for whatever...

I think that if the year ended green it would be symbolic of hope… LOL…. Let’s go, y’all….

And otherwise I hope y’all are having an amazing holiday and that you ended the year green!!!