The Long Investor
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$SPY TOP 20
🕑 Added 2025-01-26 13:33:04 +0000 UTCAs I have just explained on the $QQQ chart, there has been a very strong bullish bounce this month, brought on by Trumps return to office and the bullish Capex spending announced towards Ai infrastructure, there has also been a new ATH made this week too....which further confirms the bullish trend and the Melt Up scenario.
Big week this week, Mega Caps report earnings and the FED announces their Interest Rate Decision....on Weds too, when 3 of the Mega Caps report....very eventful indeed.
So market makers will do their best to get a pull back from the market from weak hands in order to squeeze more percentages but remember the message here, the trend is bullish in the short term, a retest of the 50 Day MA at the 0.38 Fib at $597 would be welcomed and healthy.
We do not have weak hands in this group, we have a strategy.
I see a very clear impulse wave in this Final Primary Wave 5 now, as is the case on the $QQQ chart too.
Wednesday, January 29:
Federal Reserve Interest Rate Decision: The Federal Open Market Committee (FOMC) will announce its decision on interest rates. While no change is widely expected, investors will closely monitor Fed Chair Jerome Powell's remarks for insights into future monetary policy.
Thursday, January 30:
Gross Domestic Product (GDP) Report (Q4 2024): The Bureau of Economic Analysis will release its advance estimate of GDP growth for the fourth quarter of 2024. The Atlanta Federal Reserve estimates a 3% growth rate, up from 2.8% in the previous quarter.
Friday, January 31:
Personal Consumption Expenditures (PCE) Price Index (December 2024): This index, a key measure of inflation, will be released, providing insights into consumer spending and price changes.
Comments
toTheMoon🚀📈
Thanks for this thread !
Daniel
Those “ABC” price targets though. From today’s price, “A” is about a 14% drop.
