SPY target $350-370

Hi! Our small analysis of the S&P500 index based on the "Sentiment" indicators. Index is moving within the "Megaphone" pattern, I think that between September-November 2020 the conservative $350-370 target will be reached and from there it will be possible to consider short positions. It is possible that may coincide with the 2020 US presidential elections. You need to be careful right now, given the heating up situation and the sentiment of traders:

- The NYSE Highs/Lows Index is in the extreme zone;
- Black Swan v.2.0 indicator, traders began to assess the tail risk on July 9, 2020.

We will observe with interest. Happy trading to everyone!