The Long Investor
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$SPY TOP 20 TWEET
🕑 Added 2025-02-22 11:37:29 +0000 UTCTWEET: $610 is an important level to break above but we have been watching this resistance level for the last year and we knew it would not be easy
$NVDA beating next week could help flip $610 to support and this could melt up in the short term....but ultimately the Cycle Wave 2 pull back is next.
Which could last at least 18 months.
Comments
Kad
Just one question since I am a bit confused: on the last updated SPY chart a few days ago the 2 Fib was at 631.2$. So was that 631$ the sub wave 5 target then ?
Daniel Rosado
Hey, I’m new here. I was wondering if if you use Stop loss in your positions
George Trojaniak
It's not. This has been coming for a long time
Julien
What’s the chance that we don’t break through and wave 2 is about to start?
Rag
Do we expect $HIMS, $BABA, $OSCR, $AMD, $ETH (currently in different cycles than SPY) to pullback as well along with the market?
phatlipid
Hi Cap, would you consider health stocks like OSCR to be resilient in the face of a large market correction? Ultimately people still require health insurance. Maybe they'll look towards OSCR for cheaper alternative
ray
hi cap, can you share the full ew count from 1994?
Kat
Very interesting cap. You posted this and then I got a free email from stansberry talking about the s&p going up a bit more this year at least. You are always before the masses lol
ARPedro
Wow this would be a 41% pullback. Seems like a lot.
PJK
Cap, am I correct in saying you would not consider a world index fund a safe haven during wave 2 pullback as it isn’t in the safe haven folder? I think a few of us with ETFs are wondering
Savage Capital
I personally love the 6820 extension fib as it would catch off guard most of the retail that's waiting for a meme of 6900 to hit this cycle
DC
Big big picture
David
Where to go then if someone wants to hide? Cash?
Boons
As i learned here , i guess the chart makes the news . Could be anything … less Gold in Fort Knox as expected, a new virus/pandemic, east asian rocket man doing his things, a fallen over bag of rice . Personally, I‘d assume the main reason would be the surge in unemployment due to the work of DOGE
GRG
it really looks like a once-in-a-lifetime opportunity once wave 2 is complete. I do have a question, though… I see that a pullback to the 0.5 Fib level would mean roughly a 34% correction from yesterday’s close. What kind of macro event could trigger such a significant drop? Rate hikes? An unexpected surge in employment? A recession? War? What macro scenario do you foresee that could spark this pullback?
Borja
Hi Cap Could we assume that stocks like NU will be also “safe heaven” applying same logic as BABA.
Huat
Hi Gar the estimate SPY bottom around mid 2026?
