S&P 500 - How high can it go?

2021年4月24日

It is just an amazing rally since last year when you look at it from this perspective. What rational person would have predicted that the largest worldwide crisis in a century would lead to one of the largest market rallies in history? The crazy part is that it does not look like it is going to stop any time soon. How much higher can it really go?

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2021年4月24日

註釋

Here is my guess at what could happen. However, I don't know what would cause such a drop in the next few weeks. It is just that a common pattern is for a stock to retest its linear regression channel before making a wave 5 push.

2021年4月24日

註釋

One last thing. Here is the S&P 500 stocks above the 200 day average. Note that it is the highest it has ever been for the data on TV.