Forever Bull Market

[kashirin]

So absolutely no 4500??

And what happens when we break 5000?[/QU

it will be absolute opportunity if S&P goes to 4000

I will probably take 50% margin if it happens

 

[S2007S]

We bounce off support around 4900.

If the Fed is forced to raise rates we could go down to 4000 or lower.

Or some black swan event we cant forsee, then we could go down to 3000.

Yes if rates go up in 2024 by another rate or 2, easily sub 4000 on spy and if the 10 yr gets to 5 ...5.25...5.50 you'll see spy sub 4000 as well.

Black swan easily a 1/3 off the market. ...

 

[S2007S]

I would do 50% margin sub spy 3000...

 

[vanzandt]

Yes if rates go up in 2024 by another rate or 2, easily sub 4000 on spy and if the 10 yr gets to 5 ...5.25...5.50 you'll see spy sub 4000 as well.

Black swan easily a 1/3 off the market. ...

I wrote this two months ago when @Overnight wanted to know my year end target. The SPX was about 5010 at the time... and it was based upon what I perceived (and still do) a black swan event was imminent. The level I drew was about 3980ish I think.

 

[Overnight]

I wrote this two months ago when @Overnight wanted to know my year end target. The SPX was about 5010 at the time... and it was based upon what I perceived (and still do) a black swan event was imminent. The level I drew was about 3980ish I think.

View attachment 338129

I've had time to think about this. Unfortunately, this fucking song got stuck in my head in the interim.

Where the hell did this come from?!?

I think it has something to do with "magic pencil".

BLAH!

Carry on, man, and give us those pencil traces, or whatever voodoo majiks it has in it.

 

[S2007S]

I wrote this two months ago when @Overnight wanted to know my year end target. The SPX was about 5010 at the time... and it was based upon what I perceived (and still do) a black swan event was imminent. The level I drew was about 3980ish I think.

View attachment 338129

Then you get this tom lee prediction

Bullish as always..

Spy could drip by 57% and he will be there saying s&p to historic highs


Fundstrat’s Tom Lee predicts the S&P 500 could end the year at 5,700, ‘maybe even higher’
PUBLISHED FRI, APR 12 20244:15 PM EDTUPDATED AN HOUR AGO
Lisa Kailai Han
@LISAKAILAIHAN
WATCH LIVE

 

[Picaso]

The beauty of it is that we could end the year at 7000 or 2000.

IMHO, this year we'll probably touch both 4500 and 5800. When? Your guess is as good as (or better than) mine.

Best trading to both (perma)bulls and (perma)bears.

 

[howruhowruong]

The beauty of it is that we could end the year at 7000 or 2000.

IMHO, this year we'll probably touch both 4500 and 5800. When? Your guess is as good as (or better than) mine.

Best trading to both (perma)bulls and (perma)bears.

7000? nah

 

[S2007S]

Uh ohhhhhhhhh

Looks like a solid drop to 5000 Monday morning and a flush straight through 4900 by mid next week unless the bulls can work some magic, which for some.damn reason they always seem to do....

Going to be one hellava a ride this week with volatility skyrocketing.

 

[Laissez Faire]

Uh ohhhhhhhhh

Looks like a solid drop to 5000 Monday morning and a flush straight through 4900 by mid next week unless the bulls can work some magic, which for some.damn reason they always seem to do....

Going to be one hellava a ride this week with volatility skyrocketing.

Not according to the OP...this market can't go down.