The S&P will top at 4540-4601

Will the S&P top at 4540-4600 ?


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Considering all the doomsday experts, this has been surprisingly one of the better Octobers, Santa rally season coming shortly.
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Good news + bad news.
The good news is SPY.....looks toppy on that chart \LOL .
The bad news is some took some profits on other stuff+ State Street SPY charts + IBD charts[SPY/SSO/SPXL/UPRO have more room to run up much more/LOL
SPY cash, Has Gone Past $ 472.777/LOL:D:D
 
I say we top at 4541-4600
4701 stop. Correction will take it to 4150 and then to 3400-3600

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there's no signal for bear market yet. Technically, we had bear market back in Mar 2020. it means this bull is still young (no, this is not a signal, just an observation :).
Evergrande has become China's central bank problem (they lent too much money to property developers, so much of their interest on the line, they've owned the problem.
 
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