On the matter of the S&P 500, I am long-term bullish. In fact I posted an idea suggesting $380 SPY within the next quarter. After a second look at this past week's price action, I still believe we'll hit $380 SPY, it most likely will be in 2021 though. We've had quite the bullish momentum running for awhile. I think an appropriate step back is about to take place.
I am unsure on the finishing price point of the fifth wave, there are just way too many factors to consider. But I believe this will play-out before we see more bullish mania.
I am unsure on the finishing price point of the fifth wave, there are just way too many factors to consider. But I believe this will play-out before we see more bullish mania.
