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SPY Forecast: Insight into Bearish Trends and Prospects for Upcoming Bullish Surge.

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SPY: Daily Price Analysis Over the past 10 days, the SPDR S&P 500 ETF Trust (SPY) entered a Bearish zone, displaying a downtrend and subsequent rebound pattern. The recent three-day trend indicates a promising upward movement. In Bearish zones, rebound trends signify a temporary weakening of selling pressure and a temporary strengthening of buying interest. This rebound pattern seems to have reached a short-term peak, indicating an imminent consolidation phase. Considering the current position within the Bearish zone, it appears that buying interest might weaken, and selling pressure could intensify, potentially leading to a re-entry into the downtrend. This scenario is expected to unfold over the next 2-3 days, within the predicted range and timeframe. If this downward trend doesn't transition back into a Bearish zone and instead enters the Bullish zone, a bullish trend is anticipated to commence from the following week. During this upward phase, buying interest is likely to s

Bullish Momentum in SPY: Limited Gains Expected Amidst Overheated Uptrend, Potential Bearish zone Turn Ahead Two weeks from now.

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  The daily chart of SPY has entered the Bullish zone, marking the beginning of a strong uptrend. However, in the short term, we anticipate limited gains and brief correction periods due to the overheated upward movement. It is expected to continue this way until the end of this week or early next week, after which a robust upward trend is anticipated. This strong upward movement and minor corrections within the Bullish zone are likely to persist until next week, but afterward, there is a high probability of entering the Bearish zone, increasing the risk of a decline. Oct 09, 2023 ◆ Closed price 432.29 0.64%     ◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] ◆ Today's stock price Buy-Sell intensity analysis The current trend appears to be 'Uptrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a stronger LOW-price Finally, the CL

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