$SPY TOP 20
Added 2024-11-23 18:01:33 +0000 UTCThe $SPY and $QQQ have very similar commentary today.
Both have stayed within their rising wedge, both did not need their 50 Day MA's this week as a test of support and both are still above their previous ATH's to end the week, in this case, holding above the 1.618 Fib at $588.
The Melt Up scenario could have this move up to $631, which is a 5-6% gain.
Analysts have said that the consensus target for the remaining part of the year is a run to $610.
Even to $610, the Tech sector may run a lot stronger.
Comments
Cap, first thx for the great work. I do have 1 ask. I know you frequently mention a meaningful correction. Is there any way in your weekly commentary you could offer more insight into your thoughts on this. If you could include your General thoughts on timing, signals, magnitude, your personal techniques for managing your personal portfolio once it’s here…..thanks very much.
Kevin
2024-11-25 01:59:15 +0000 UTC
