SPY I think we should dump into the EOY and get shorts on the hook for a massive rally to the measured move target of $610. Is 2.8 a high PC ratio, relatively?
SPXQQQQQQMSPYNDX Currently, several indicators lead me to believe that instead of a market crash, we may witness a upward trend in the market. With significant events and economic shifts on the horizon, I anticipate that by 2030, the S&P 500 (SPX) could potentially rise to 12,000 or higher. This is purely a personal forecast based on current trends and is not meant to be taken as investment advice.
SPY - Can see this ride up to 580 week of Sept 23rd, then down to... what? 563 would be ideal-(bullish continuation), 546 seems right (63% retracement) but if breaks that 509.... yikes, we going down.
Best ASSumption- $580 before oct, $563 new resitance, and would only be fitting for it to hit $600 right before new years eve (or greed will get it there Dec 10th and then tanks)