A 10% drop in the S&p would literally bring it back to April 2024 lows!!!!!

[Nighthawk]

All-out war with Hezbollah: Not a question of if but when, defense expert says

"We cannot accept a situation in which a terrorist organization leads to the evacuation of 80,000 residents from their homes in the North."

https://www.jpost.com/israel-hamas-war/article-806683

Do NOT complain that you haven´t received enough warnings...

 

[S2007S]

All-out war with Hezbollah: Not a question of if but when, defense expert says

"We cannot accept a situation in which a terrorist organization leads to the evacuation of 80,000 residents from their homes in the North."

https://www.jpost.com/israel-hamas-war/article-806683

Do NOT complain that you haven´t received enough warnings...

Maybe 17 yrs ago I would think this would have been a situation for the markets but after realizing that wars have been ongoing for generations and stocks still go higher news like this will push markets lower maybe for a day or two and then ramp up even higher.

This isn't the event that's going to create a waterfall sell off in markets

 

[wxytrader]

So can you pinpoint price action today on june 18th 2024 where we will be on the s&p in 1 month. 3 months 6 months and 1 year

Give me the s&p numbers within 50 points for each of those time lines

S&p price target for:


1 month

3 months

6 months

1 year

If you go by the C&H target calculations this pattern is pretty much complete. Anyway, this could keep going but you wouldn't find me buying up here. This wouldn't even get my attention until $323.

Maybe 17 yrs ago I would think this would have been a situation for the markets but after realizing that wars have been ongoing for generations and stocks still go higher news like this will push markets lower maybe for a day or two and then ramp up even higher.

This isn't the event that's going to create a waterfall sell off in markets

Look guys, interest rates raised 4 times, and spy just continued on up. That goes against every rule of the economy. Interest rates dropped and still climbs. I keep telling you all that external factors DO NOT affect the chart. You can analyze gross GDP...job numbers...inflation etc all day long and come up with a big nothing burger.

 

[Businessman]

Let me repeat that.... a 10% drop in the s&p 500 would place it just around 493-494, last time the s&p was trading that level was not 7 yrs ago or 4 yrs ago....not a couple of years ago or a year ago, but just in April of 2024 or less than 2 months ago.

S2007S, i think you deserve a Gay Bear award for constantly moaning about how high the S&P is:

 

[murray t turtle]

It’s obvious you are in pain since this market keeps going up.

You have to realize that every single dollar is support on SPY or QQQ. Can you imagine if this fell like 2-3% which you will get at some point, but from where who knows and it will make a V within 3 days.

%%
LOL/counter-trend comment
THEY should pass a law have to label coUnteter trend$ may damage your health
BUT not apply that to inverse ETFs, slight difference , never get a margin call.............................................................................................
NO matter what they say i'Ve done/
WE ain'T never had to much fun/
A holy tornado/
wind me UP + let me go. >4,447,778volume video Views=======D Singletary Song

 

[SunTrader]

very wrong in terms of approaching this view. a fast 10% folks may bail out and managers will exit, some may try to get back in, that is fine.

the bigger issue here is the spy-rsp spread, a strong divergence began in may 2023, now 6 names counted for 40% of the gain this year. when people realize that these 6 are just large companies pushing up shares via buy-backs. rsp-spy will inevitably converge again. future performance of spy would not be what you think.

........ began in 2023????

https://portfolioslab.com/tools/stock-comparison/SPY/RSP

How about in 2020 or even 2018!

 

[mervyn]

........ began in 2023????

https://portfolioslab.com/tools/stock-comparison/SPY/RSP

How about in 2020 or even 2018!

using your numbers, excess spread (spy-rsp)/rsp, you will see it started from openai trades. 3-5-10 excess spread is about 4%, ytd-1y excess spread is 11%.

 

[SunTrader]

using your numbers, excess spread (spy-rsp)/rsp, you will see it started from openai trades. 3-5-10 excess spread is about 4%, ytd-1y excess spread is 11%.

My numbers lol?