In a week marked by bullish sentiment, the SPY weekly outlook's optimistic prediction proved accurate, with the index surging pass previous week closing price of 542.78, surpassing the target price of 545 and moving higher as far as hitting the strike price of 550.74. The upper range of 553 was within reach, while the lower range of 537 provided a solid support level. In contrast, the GLD weekly outlook's neutral prediction also proved correct, with the asset closing at 215.73, aligning with the target price of 215 and barely missing the strike price of 215.81. The range of 220 to 211 served as a clear channel for the asset's price action, as the market continued to navigate the prevailing landscape.
Expired SPY Weekly outlook. 3rd WK JUNE 2024
> BULLISH 📈 CORRECT
Previous Week Closed Price: 542.78
Target Price: 545 | Strike Price: 550.74 JUNE20 24'
Upper Range: 553
Lower Range: 537
Expired GLD Weekly outlook. 3rd WK JUNE 2024
> NEUTRAL 📊 CORRECT
Previous Week Closed Price: 215.73
Target Price: 215 | Strike Price: 215.81 JUNE18 24'
Upper Range: 220
Lower Range: 211
Expired SPY Weekly outlook. 3rd WK JUNE 2024
> BULLISH 📈
Previous Week Closed Price: 542.78
Current Week Target Price: 545
Expired GLD Weekly outlook. 3rd WK JUNE 2024
> NEUTRAL 📊
Previous Week Closed Price: 215.73
Current Week Target Price: 215
