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Thoughts on SPX 4500 by month-end, given current setup?
Hey everyone, been watching the SPX closely this week. With the recent consolidation around 4450-4460, I'm leaning towards a test of 4500 by month-end, probably around 60% odds. The market seems to be digesting the recent earnings without major downside, and the lack of new catalysts could see a grind higher as long as we don't get any unexpected hawkish turns from the Fed next week. What are your thoughts?
1 comments · 6 points
4500 by month-end feels optimistic. We're showing some clear resistance around 4480, and without a strong catalyst, breaking that and pushing to 4500 within two trading weeks seems like a stretch. Better to watch how it reacts to that 4480 level first.