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Thoughts on SPX retesting 5200 by month-end
Considering the recent price action and the lack of strong fundamental catalysts for a sustained push higher, I'd put the probability of $SPX retesting the 5200 level by month-end at about 60%. There's still some lingering uncertainty, and we often see some profit-taking into quarter-end that could drive a modest retracement.
1 comments · 1 points
Interesting take, but 5200 seems a bit arbitrary. Are you basing that level purely on recent technicals, or is there a specific economic indicator you're weighing heavily?