SPX - The bullish trend zone is still intact
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
Despite the correction, the trend level remains strongly in the Bullish zone (56%), indicating that upward momentum is still structurally in place. Within this bullish phase, the market may fluctuate through correction trends, but they are generally short-lived and serve as periods of consolidation or preparation for the next leg up.
🔍 Key Characteristics of Bullish Zones:
Dominated by buying pressure
Can include short-term pullbacks or sideways movement
Best suited for Buy and Hold strategies over a medium-to-long-term horizon
Exit point is only triggered when the zone transitions into a Bearish trend (not yet occurred)
Current Position: Maintain Buy and Hold
📉 Forecasted 10-Day Price Range
Low Estimate: 5,002.2 (▼-3.0%)
High Estimate: 5,301.1 (▲2.8%)
Median Price Forecast: 5,151.6 (▼-0.1%)
📊 Trend Zone & Movement Intensity
📊 Trend Zone & Movement Intensity
Timeframe Trend Zone Trend % Level
Last 30 Days Bearish -9%
Current Bullish 56%
Next 10 Days Forecast Bearish -26%
📈 Trend Intensity Forecast
Direction Expected Intensity
Upward +62% (Max 100%)
Downward -67% (Min -100%)
The index is currently positioned in a Bullish trend level, but over the next 10 days, it is forecasted to experience bearish pressure. This is indicative of a temporary retracement phase, and not yet a signal of a longer-term downtrend unless confirmed by a transition below key trend thresholds.
For Long-Term Investors:
Hold your current positions. The bullish trend zone is still intact.
Corrections within a bullish trend are normal and may offer opportunities to reinforce positions at lower prices.
Only re-evaluate the strategy if the trend falls into Bearish territory.
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