S&P could fall short from here
Well, we're hoping it catches either the upper or lower support from 2019 before everyone and their stepdad downloaded robin Hood and inflated the market with ignorant money... As for now it seems that people are losing money and hope in the market, and we can see some downside that's well deserved... price targets made by banks does not indicate or mean that we will see these prices yet... for example, BA price target as been upgraded to $250 but they just missed earnings from far... Vaxart a company with high hopes on an oral vaccine has a price target of $12 but has 18% short interest at its 52-week low.... a lot of companies like google and some other big names made large sales last week if you check reports... i think everything is going to come full circle and i highly doubt we will see these updated price targets for another year because in that case it would be a massive bull run about to happen.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.