SPY - The Tom Lee Summer Rally
Yeah, as bearish as I've been, this latest price action looks like AB is playing out which means a large C is coming for the summer months - target around 450 more or less. Why? The excuse will likely be "inflation has peaked".
The Tom Lee fanboys will think we'll go up forever again. September should be the end of the rally.
The Tom Lee fanboys will think we'll go up forever again. September should be the end of the rally.
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