Ok. I am calling it. SPY above 185 at close today. Above 190 at the close of Thursday. It might not even take a month for it to reach 201.
And I would even say the market will jump up for the rest of this week, probably starts today at 3:00 pm EST. The bond market is pricing in ridiculous expectation of Fed rate movement. Not going to happen. Fed has a Gigantic balance sheet. It needs to rewind.
Sorry for my optimistic view of this market, but when you see high churning trading pattern and all dooms and glooms prediction on TVs based on nothing, you know the market is making a fake move.
More likely 28 by 2:00 pm EST. Bolts are still looking for a good price to attract some human beings to trade.
It could close at 25. Bolts are trading with each other now. I don't think they want to carry big position over night. We'll see.