SPY to 475
Before you read and criticize, and discuss: My trading ideal is that the stock market, is not the economy.
I know aspects of the market, and aspects of the economy effect one another, that is obvious, but hear me out.
Many sources say that China default risk to US investors can be mitigated and minimized.
Tech has been posting amazing earnings, and regardless of how poor most Americans they will be using tech, and rich people will consume at the same rate. Supply chain problems will effect grocery, maybe some retail things like clothing.
My guess is we see slight pull back to 446-449, then we pump until the next OPEX week.
Moon phases are funny that's why its on there.
I know aspects of the market, and aspects of the economy effect one another, that is obvious, but hear me out.
Many sources say that China default risk to US investors can be mitigated and minimized.
Tech has been posting amazing earnings, and regardless of how poor most Americans they will be using tech, and rich people will consume at the same rate. Supply chain problems will effect grocery, maybe some retail things like clothing.
My guess is we see slight pull back to 446-449, then we pump until the next OPEX week.
Moon phases are funny that's why its on there.
Penafian
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