Based on Technical Analyses, the S&P 500 can see a big move up or down, seeing it is currently in a downtrend on the daily timeframe, my guess is the spike will go down. As the down trend will compress it will likely break out over the next 60 days.
Could this mean the beginning of the bear market we've been expecting? who knows.
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.