S&P 500 Endeksi
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.382 retrace points to 5580 rally...?

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SP500 Short Term Bullish Update: Target 5550-5600

As of June 5th, 2024, I’m providing a short-term bullish update on the SP500 (ticker SPX). My expected rise is to the 5550-5600 range with a potential overshoot to 5400, which should be short-lived, assuming 5192 holds as support. Long-term, I remain bearish on the SP500, believing we are in a grand supercycle fifth of the highest degree.

Key Points:

Short-term bullish target: 5550-5600
Potential overshoot: 5400 (short-lived)
Critical support: 5192
Long-term outlook: Bearish due to grand supercycle

Feragatname

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