My forecast 2024 SPX outlook (all figures are rounded)
1. A run up to $5200 in Q1 ~10%
2. Quick pullback to $4600 late March- April - ~ -12%
3. Huge run to $6100 by end of Q4 ~30+%
4. Correction to $4800 ~ -20%
5. $6000 to be retested in 2025 (Q2-Q3).
1. A run up to $5200 in Q1 ~10%
2. Quick pullback to $4600 late March- April - ~ -12%
3. Huge run to $6100 by end of Q4 ~30+%
4. Correction to $4800 ~ -20%
5. $6000 to be retested in 2025 (Q2-Q3).