***SPY prediction Mar/April/Jan2023- April 2023***
*correction to my last prediction*
I was off on the placement.
I believe based on previous moves and candle formations that if this is repeating the same dip in the past it should follow the path laid out above in white lines. The correction coming should be roughly 35% in size. That said we have a year before that happens. The move starting today should stay relatively low for the next 26 days. Then rebound to reclaim the last previous high and move another 25% durring that time. This should all happen from April to 2023. At that point the larger correction should start and complete close to April 2023. A much larger move back to the last previous high around 550 should be following this correction.
As far as option plays I would look at this area it is in $430 as an entry even through quad witching I think this recovers most of its position from the High and then loses 5% as the Option chain ends. Then another 20% move to the upside over the next 6-8 months.
The 35% correction should bring the stock down from $550 to $411. This should be a short from this area.
The move back to the high should be a call Around April 2023 after the correction. back to $550 and above.
by iCantw84it
02/22/2022
I was off on the placement.
I believe based on previous moves and candle formations that if this is repeating the same dip in the past it should follow the path laid out above in white lines. The correction coming should be roughly 35% in size. That said we have a year before that happens. The move starting today should stay relatively low for the next 26 days. Then rebound to reclaim the last previous high and move another 25% durring that time. This should all happen from April to 2023. At that point the larger correction should start and complete close to April 2023. A much larger move back to the last previous high around 550 should be following this correction.
As far as option plays I would look at this area it is in $430 as an entry even through quad witching I think this recovers most of its position from the High and then loses 5% as the Option chain ends. Then another 20% move to the upside over the next 6-8 months.
The 35% correction should bring the stock down from $550 to $411. This should be a short from this area.
The move back to the high should be a call Around April 2023 after the correction. back to $550 and above.
by iCantw84it
02/22/2022
