HyerQuality

SPY Long-term View

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
1) Compounding curve set against the historic lows. Notice 2018 has corrected to this curve.
2) RSI (weekly) has been this low several times historically. Most often it represents a near term low. Should be noted that both 2000 and 2008 had RSI values in this range at their peaks.
3) Fractal-like analysis of "interior parabolas" (shown in purple) show the parabolic nature of the previous market cycles. Extrapolated to our current bull market I see SPY topping at $500 in 2022.
4) Trade window displayed showing a 5% stop and a potential 32% trade to the upside within 1-2 years.
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